Summit Investment Advisors Inc. Decreases Position in Motorola Solutions, Inc. (NYSE:MSI)

Summit Investment Advisors Inc. reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,947 shares of the communications equipment provider’s stock after selling 61 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Motorola Solutions were worth $900,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in shares of Motorola Solutions during the fourth quarter worth $25,000. Crews Bank & Trust purchased a new position in Motorola Solutions in the 4th quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new position in Motorola Solutions in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Motorola Solutions during the fourth quarter valued at about $30,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Motorola Solutions during the fourth quarter worth about $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on MSI. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley raised their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Barclays cut their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $515.25.

Motorola Solutions Trading Up 0.0 %

Motorola Solutions stock opened at $420.59 on Friday. Motorola Solutions, Inc. has a 1 year low of $332.98 and a 1 year high of $507.82. The firm’s 50-day moving average is $426.33 and its 200-day moving average is $456.56. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The company has a market cap of $70.22 billion, a P/E ratio of 45.62, a PEG ratio of 3.82 and a beta of 0.94.

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

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, March 14th. Motorola Solutions’s dividend payout ratio is presently 47.29%.

Motorola Solutions Company 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.