Summit Global Investments Buys 6,937 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Summit Global Investments increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 30.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,652 shares of the communications equipment provider’s stock after purchasing an additional 6,937 shares during the quarter. Motorola Solutions accounts for approximately 0.9% of Summit Global Investments’ holdings, making the stock its 22nd largest position. Summit Global Investments’ holdings in Motorola Solutions were worth $13,706,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Washington Trust Bank increased its stake in Motorola Solutions by 13.5% in the 4th quarter. Washington Trust Bank now owns 808 shares of the communications equipment provider’s stock worth $373,000 after buying an additional 96 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Motorola Solutions by 5.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 28,795 shares of the communications equipment provider’s stock worth $13,309,000 after buying an additional 1,602 shares in the last quarter. HUB Investment Partners LLC purchased a new stake in Motorola Solutions in the 4th quarter worth $835,000. Whittier Trust Co. increased its stake in Motorola Solutions by 2.3% in the 4th quarter. Whittier Trust Co. now owns 65,476 shares of the communications equipment provider’s stock worth $30,264,000 after buying an additional 1,485 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in Motorola Solutions in the 4th quarter worth $381,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Up 0.3 %

Shares of Motorola Solutions stock opened at $423.39 on Friday. The firm has a market cap of $70.68 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The business has a 50-day moving average price of $446.45 and a 200-day moving average price of $459.51.

Motorola Solutions (NYSE:MSI) last released 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). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Motorola Solutions

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.