Athena Investment Management Sells 49 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Athena Investment Management cut its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,173 shares of the communications equipment provider’s stock after selling 49 shares during the quarter. Athena Investment Management’s holdings in Motorola Solutions were worth $542,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Advocates Investment Management raised its position in shares of Motorola Solutions by 8.7% during the third quarter. Financial Advocates Investment Management now owns 1,226 shares of the communications equipment provider’s stock worth $551,000 after acquiring an additional 98 shares during the last quarter. Goldstone Financial Group LLC bought a new position in shares of Motorola Solutions during the third quarter worth about $378,000. Catalyst Financial Partners LLC bought a new position in shares of Motorola Solutions during the third quarter worth about $223,000. Baron Silver Stevens Financial Advisors LLC acquired a new stake in Motorola Solutions during the third quarter worth approximately $217,000. Finally, Nadler Financial Group Inc. acquired a new stake in Motorola Solutions during the third quarter worth approximately $208,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MSI shares. Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays decreased 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. 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 note on Tuesday, November 26th. Finally, Raymond James raised their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Up 2.8 %

Shares of NYSE:MSI opened at $441.37 on Friday. The stock has a market cap of $73.68 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 3.82 and a beta of 1.02. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 12-month low of $328.13 and a 12-month high of $507.82. The business’s 50 day moving average is $459.38 and its 200 day moving average is $460.31.

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

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 0.99%. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.29%.

About Motorola Solutions

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.