Understanding Ferrite Chokes
It could, potentially, depending on the nature of your noise. You will want to select a ferrite bead which has a high impedance at the frequency that you want to reduce. Read the datasheet(s) and make sure that the impedance curve looks appropriate.

Without knowing more about the noise sources present, the linked device will probably help, but it may not be optimal. Motors produce noise which is very wide in bandwidth, so that bead will certainly knock out some of it, but it may not be quite as effective as a large ferrite ring with multiple loops. 

By appropriately decoupling all of your ICs, and isolating the motors are much as possible from the rest of the supply voltages, you should be able to cut down on noise quite well. If you have long supply runs on your board, you may want multiple ferrite beads near each load to reduce motor noise that couples into the supply rails.