Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,472 shares of the communications equipment provider's stock after purchasing an additional 587 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Motorola Solutions were worth $6,697,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MSI. Synergy Asset Management LLC purchased a new position in Motorola Solutions during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new stake in shares of Motorola Solutions in the 4th quarter worth $26,000. First Command Advisory Services Inc. bought a new position in shares of Motorola Solutions during the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Motorola Solutions during the fourth quarter valued at $30,000. Finally, Sierra Ocean LLC bought a new stake in shares of Motorola Solutions in the fourth quarter valued at about $35,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSI. Barclays dropped their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $505.88.

Remove Ads

Motorola Solutions Stock Down 7.7 %

Shares of Motorola Solutions stock traded down $33.59 on Friday, reaching $401.91. The stock had a trading volume of 1,726,336 shares, compared to its average volume of 759,105. 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 stock has a market capitalization of $67.10 billion, a P/E ratio of 43.59, a P/E/G ratio of 3.82 and a beta of 0.94. The company has a 50 day moving average price of $439.25 and a 200 day moving average price of $459.26. Motorola Solutions, Inc. has a 1 year low of $332.98 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results 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 return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3 billion. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's dividend payout ratio is presently 47.29%.

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.