Weitz Investment Management Inc. Sells 74,552 Shares of Motorola Solutions, Inc. (MSI)

Motorola Solutions logoWeitz Investment Management Inc. decreased its position in Motorola Solutions, Inc. (NYSE:MSI) by 31.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,458 shares of the company’s stock after selling 74,552 shares during the period. Weitz Investment Management Inc. owned approximately 0.10% of Motorola Solutions worth $13,632,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Telemus Capital LLC boosted its stake in shares of Motorola Solutions by 0.4% in the third quarter. Telemus Capital LLC now owns 3,419 shares of the company’s stock worth $261,000 after buying an additional 14 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Motorola Solutions by 0.3% in the third quarter. Tocqueville Asset Management L.P. now owns 8,895 shares of the company’s stock worth $679,000 after buying an additional 25 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Motorola Solutions by 0.5% in the fourth quarter. Essex Financial Services Inc. now owns 8,742 shares of the company’s stock worth $725,000 after buying an additional 42 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Motorola Solutions by 2.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,028 shares of the company’s stock worth $307,000 after buying an additional 87 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in shares of Motorola Solutions by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,719 shares of the company’s stock worth $309,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

Shares of Motorola Solutions, Inc. (NYSE:MSI) traded up 0.83% during trading on Monday, reaching $79.31. 796,273 shares of the company’s stock were exchanged. The stock has a market capitalization of $13.12 billion, a PE ratio of 24.48 and a beta of 0.45. Motorola Solutions, Inc. has a 52 week low of $62.36 and a 52 week high of $87.55. The company’s 50-day moving average is $81.96 and its 200 day moving average is $77.94.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.18. The business earned $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a net margin of 9.26% and a negative return on equity of 134.65%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, analysts forecast that Motorola Solutions, Inc. will post $5.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 15th will be paid a $0.47 dividend. The ex-dividend date is Monday, March 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.37%. Motorola Solutions’s dividend payout ratio (DPR) is presently 57.49%.

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A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Motorola Solutions to $95.00 in a research note on Friday, February 3rd. Gabelli upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Monday, February 6th. Credit Suisse Group reiterated a “buy” rating and set a $80.00 price target on shares of Motorola Solutions in a research note on Friday, November 4th. Citigroup Inc. upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Monday, January 23rd. Finally, Goldman Sachs Group, Inc. (The) increased their price target on shares of Motorola Solutions from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $81.29.

In related news, Chairman Gregory Q. Brown sold 95,235 shares of Motorola Solutions stock in a transaction on Monday, December 12th. The shares were sold at an average price of $82.40, for a total value of $7,847,364.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.55% of the stock is currently owned by insiders.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

5 Day Chart for NYSE:MSI

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