MetLife Investment Management LLC Sells 1,169 Shares of Motorola Solutions, Inc. (NYSE:MSI)

MetLife Investment Management LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,922 shares of the communications equipment provider’s stock after selling 1,169 shares during the period. MetLife Investment Management LLC’s holdings in Motorola Solutions were worth $21,098,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MSI. Raymond James & Associates increased its position in Motorola Solutions by 3.7% during the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after purchasing an additional 82,044 shares during the period. Legal & General Group Plc boosted its position in Motorola Solutions by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after acquiring an additional 110,072 shares in the last quarter. Swedbank AB grew its holdings in shares of Motorola Solutions by 215.7% during the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Motorola Solutions by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after acquiring an additional 4,984 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSI shares. Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James upped their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Evercore ISI lifted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Barclays upped their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $506.29.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $501.03 on Thursday. The firm’s 50-day moving average price is $469.15 and its 200-day moving average price is $422.68. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a market cap of $83.73 billion, a PE ratio of 54.88, a PEG ratio of 3.88 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. As a group, analysts anticipate that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.87%. Motorola Solutions’s dividend payout ratio (DPR) is presently 42.94%.

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.