California State Teachers Retirement System Sells 7,865 Shares of Motorola Solutions, Inc. (NYSE:MSI)

California State Teachers Retirement System cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,373 shares of the communications equipment provider’s stock after selling 7,865 shares during the period. California State Teachers Retirement System’s holdings in Motorola Solutions were worth $124,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock valued at $9,789,955,000 after purchasing an additional 310,919 shares during the last quarter. Geode Capital Management LLC increased its position in Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock worth $1,933,360,000 after buying an additional 451,172 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Motorola Solutions in the 4th quarter worth about $1,528,949,000. FMR LLC lifted its holdings in Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider’s stock valued at $1,400,980,000 after purchasing an additional 334,639 shares during the last quarter. Finally, Norges Bank bought a new position in Motorola Solutions during the fourth quarter worth about $1,073,645,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Barclays cut their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley raised their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $515.25.

Motorola Solutions Price Performance

Shares of MSI stock opened at $430.85 on Tuesday. The business’s fifty day moving average is $422.77 and its 200 day moving average is $454.99. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The stock has a market cap of $71.94 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, March 14th. Motorola Solutions’s payout ratio is currently 47.29%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.