Citizens Business Bank Trims Stake in Motorola Solutions, Inc. (NYSE:MSI)

Citizens Business Bank reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,006 shares of the communications equipment provider’s stock after selling 80 shares during the quarter. Motorola Solutions accounts for approximately 1.2% of Citizens Business Bank’s holdings, making the stock its 24th biggest holding. Citizens Business Bank’s holdings in Motorola Solutions were worth $5,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. M&T Bank Corp increased its position in shares of Motorola Solutions by 2.8% during the third quarter. M&T Bank Corp now owns 18,410 shares of the communications equipment provider’s stock worth $8,278,000 after acquiring an additional 497 shares during the period. Unigestion Holding SA increased its position in shares of Motorola Solutions by 40.6% during the third quarter. Unigestion Holding SA now owns 107,649 shares of the communications equipment provider’s stock worth $48,380,000 after acquiring an additional 31,079 shares during the period. Second Line Capital LLC purchased a new position in Motorola Solutions during the third quarter valued at approximately $339,000. Coldstream Capital Management Inc. increased its holdings in Motorola Solutions by 13.1% during the third quarter. Coldstream Capital Management Inc. now owns 3,597 shares of the communications equipment provider’s stock valued at $1,631,000 after buying an additional 417 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Motorola Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock valued at $1,675,588,000 after buying an additional 89,320 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of MSI opened at $477.02 on Wednesday. The company has a market cap of $79.72 billion, a price-to-earnings ratio of 52.25, a price-to-earnings-growth ratio of 3.86 and a beta of 0.99. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The company has a 50 day moving average of $476.80 and a two-hundred day moving average of $430.35.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share 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. Stockholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s payout ratio is presently 47.75%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $506.29.

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.