Heritage Trust Co Buys New Stake in Motorola Solutions, Inc. (NYSE:MSI)

Heritage Trust Co acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,536 shares of the communications equipment provider's stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSI. Raymond James Financial Inc. bought a new position in shares of Motorola Solutions in the 4th quarter valued at about $1,528,949,000. Norges Bank purchased a new stake in Motorola Solutions during the fourth quarter valued at approximately $1,073,645,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after purchasing an additional 484,727 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after purchasing an additional 451,172 shares during the period. Finally, FMR LLC increased its position 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 valued at $1,400,980,000 after purchasing an additional 334,639 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MSI shares. Barclays lowered their price target on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. StockNews.com downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, Morgan Stanley raised their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $505.88.

Remove Ads

Motorola Solutions Stock Up 1.0 %

NYSE MSI traded up $4.12 on Tuesday, reaching $430.57. 691,375 shares of the stock traded hands, compared to its average volume of 777,612. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82. The company has a market cap of $71.89 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 3.82 and a beta of 0.94. The company has a fifty day moving average price of $429.72 and a 200-day moving average price of $457.19. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). The business 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%. As a group, research analysts forecast 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. Stockholders of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. Motorola Solutions's payout ratio is 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.