Citigroup Inc. Lowers Position in Motorola Solutions, Inc. $MSI

Citigroup Inc. decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 49.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,758 shares of the communications equipment provider’s stock after selling 142,206 shares during the period. Citigroup Inc. owned about 0.09% of Motorola Solutions worth $65,739,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $25,000. United Community Bank lifted its holdings in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new position in Motorola Solutions in the third quarter worth $33,000. Whipplewood Advisors LLC grew its stake in Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Finally, Field & Main Bank purchased a new stake in shares of Motorola Solutions during the 3rd quarter valued at $35,000. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSI. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. Barclays lifted their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research report on Thursday, February 12th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and a consensus price target of $497.14.

Motorola Solutions Trading Up 0.4%

NYSE:MSI opened at $464.64 on Tuesday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The stock’s fifty day moving average price is $402.87 and its two-hundred day moving average price is $421.94. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The company has a market cap of $76.97 billion, a P/E ratio of 36.41, a P/E/G ratio of 3.24 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.04 EPS. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.