First Trust Advisors LP Has $279.83 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

First Trust Advisors LP trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 605,381 shares of the communications equipment provider’s stock after selling 49,057 shares during the period. First Trust Advisors LP owned approximately 0.36% of Motorola Solutions worth $279,825,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Center for Financial Planning Inc. boosted its position in shares of Motorola Solutions by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider’s stock worth $2,337,000 after acquiring an additional 25 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Motorola Solutions by 11.9% in the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock valued at $109,000 after purchasing an additional 25 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Motorola Solutions by 22.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock valued at $63,000 after purchasing an additional 25 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Motorola Solutions by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider’s stock worth $596,000 after buying an additional 26 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its position in shares of Motorola Solutions by 1.6% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,664 shares of the communications equipment provider’s stock worth $769,000 after buying an additional 27 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSI. Morgan Stanley boosted 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. JPMorgan Chase & Co. lowered their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays lowered their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $515.25.

Motorola Solutions Price Performance

MSI stock opened at $420.59 on Friday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a 52-week low of $332.98 and a 52-week high of $507.82. The company has a market capitalization of $70.22 billion, a P/E ratio of 45.62, a PEG ratio of 3.82 and a beta of 0.94. The company has a fifty day moving average price of $425.25 and a 200-day moving average price of $456.37.

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

Motorola Solutions Dividend Announcement

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