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

Perigon Wealth Management LLC lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,290 shares of the communications equipment provider’s stock after selling 30 shares during the quarter. Perigon Wealth Management LLC’s holdings in Motorola Solutions were worth $597,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in shares of Motorola Solutions in the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Motorola Solutions during the third quarter worth $31,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Motorola Solutions in the second quarter worth $32,000. Planning Capital Management Corp purchased a new position in shares of Motorola Solutions in the third quarter valued at $32,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions during the 3rd quarter valued at $33,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

NYSE:MSI opened at $468.89 on Friday. The company has a market capitalization of $78.36 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 3.41 and a beta of 1.01. The business has a 50 day moving average of $473.03 and a 200 day moving average of $452.62. 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.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James lifted their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays raised their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Morgan Stanley upped their price target on shares of Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $504.88.

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.