Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 279.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,740 shares of the communications equipment provider's stock after acquiring an additional 126,512 shares during the period. Bank of Nova Scotia owned about 0.10% of Motorola Solutions worth $79,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Twin Capital Management Inc. bought a new position in Motorola Solutions in the fourth quarter worth about $947,000. Trek Financial LLC bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $717,000. FMR LLC raised its stake in shares of Motorola Solutions by 12.4% during the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock worth $1,400,980,000 after acquiring an additional 334,639 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Motorola Solutions in the fourth quarter valued at approximately $183,000. Finally, Federated Hermes Inc. boosted its stake in Motorola Solutions by 1.5% in the fourth quarter. Federated Hermes Inc. now owns 136,702 shares of the communications equipment provider's stock valued at $63,188,000 after acquiring an additional 2,039 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Trading Up 1.1 %

Shares of MSI stock traded up $4.55 on Monday, hitting $426.92. The stock had a trading volume of 300,670 shares, compared to its average volume of 775,383. The company's 50 day moving average price is $430.81 and its 200-day moving average price is $457.33. Motorola Solutions, Inc. has a 1 year low of $332.98 and a 1 year high of $507.82. The firm has a market capitalization of $71.28 billion, a P/E ratio of 46.30, a P/E/G ratio of 3.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

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Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's dividend payout ratio is presently 47.29%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. StockNews.com downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, Barclays reduced their target price 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $505.88.

Motorola Solutions Company 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.