Moran Wealth Management LLC Buys 3,685 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Moran Wealth Management LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,361 shares of the communications equipment provider’s stock after acquiring an additional 3,685 shares during the period. Motorola Solutions comprises 0.9% of Moran Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Moran Wealth Management LLC’s holdings in Motorola Solutions were worth $29,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Motorola Solutions in the 4th quarter valued at about $1,528,949,000. Mizuho Securities USA LLC boosted its holdings in shares of Motorola Solutions by 4,447.9% in the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock worth $262,989,000 after acquiring an additional 572,040 shares during the period. Proficio Capital Partners LLC grew its position in shares of Motorola Solutions by 56,562.5% in the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider’s stock valued at $145,884,000 after purchasing an additional 315,053 shares in the last quarter. State Street Corp raised its stake in shares of Motorola Solutions by 2.7% during the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after purchasing an additional 198,183 shares during the period. Finally, Barclays PLC boosted its stake in Motorola Solutions by 29.6% in the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock worth $325,455,000 after purchasing an additional 165,353 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSI shares. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Barclays reduced their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $422.99 on Monday. The firm has a market capitalization of $70.61 billion, a PE ratio of 45.88, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 12 month low of $329.70 and a 12 month high of $507.82. The business’s 50-day moving average price is $454.75 and its 200-day moving average price is $460.97.

Motorola Solutions (NYSE:MSI) last posted its quarterly 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 business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. Sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. Motorola Solutions’s dividend payout ratio is currently 47.29%.

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.