Perigon Wealth Management LLC Sells 30 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Perigon Wealth Management LLC reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,290 shares of the communications equipment provider’s stock after selling 30 shares during the period. Perigon Wealth Management LLC’s holdings in Motorola Solutions were worth $597,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in Motorola Solutions in the 3rd quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions in the third quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions during the 2nd quarter valued at $32,000. Planning Capital Management Corp bought a new position in Motorola Solutions in the 3rd quarter worth $32,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MSI. Morgan Stanley lifted their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Bank of America lifted their price target 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $504.88.

Motorola Solutions Stock Down 0.8 %

MSI stock opened at $468.89 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 1-year low of $314.84 and a 1-year high of $507.82. The stock has a market capitalization of $78.36 billion, a P/E ratio of 51.36, a P/E/G ratio of 3.41 and a beta of 1.01. The business has a fifty day moving average price of $473.03 and a 200-day moving average price of $452.62.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.76 billion. Equities analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.93%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, December 13th. Motorola Solutions’s dividend payout ratio is presently 47.75%.

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.