Keyes Stange & Wooten Wealth Management LLC Sells 134 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Keyes Stange & Wooten Wealth Management LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,548 shares of the communications equipment provider’s stock after selling 134 shares during the period. Motorola Solutions comprises approximately 0.7% of Keyes Stange & Wooten Wealth Management LLC’s holdings, making the stock its 18th largest position. Keyes Stange & Wooten Wealth Management LLC’s holdings in Motorola Solutions were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates grew its stake in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after acquiring an additional 82,044 shares during the period. Legal & General Group Plc grew its position in Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after purchasing an additional 110,072 shares during the period. Swedbank AB raised its stake in Motorola Solutions by 215.7% during the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after buying an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Motorola Solutions by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock valued at $383,614,000 after buying an additional 4,984 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Motorola Solutions by 59,189.5% during the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after buying an additional 965,972 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Up 1.2 %

Shares of MSI stock opened at $500.90 on Friday. The company has a market capitalization of $83.71 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 4.06 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The company’s fifty day moving average price is $465.80 and its 200-day moving average price is $419.43. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of research reports. Raymond James upped their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions 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.