Leelyn Smith LLC Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Leelyn Smith LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 905 shares of the communications equipment provider's stock, valued at approximately $418,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Empowered Funds LLC grew its stake in shares of Motorola Solutions by 26.4% during the third quarter. Empowered Funds LLC now owns 6,504 shares of the communications equipment provider's stock worth $2,924,000 after acquiring an additional 1,358 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Motorola Solutions by 10.7% during the third quarter. Natixis Advisors LLC now owns 110,760 shares of the communications equipment provider's stock worth $49,801,000 after acquiring an additional 10,662 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth about $205,000. Thrivent Financial for Lutherans grew its stake in shares of Motorola Solutions by 144.0% during the third quarter. Thrivent Financial for Lutherans now owns 71,530 shares of the communications equipment provider's stock worth $32,163,000 after acquiring an additional 42,212 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Motorola Solutions by 0.4% during the third quarter. Swiss National Bank now owns 495,043 shares of the communications equipment provider's stock worth $222,586,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MSI shares. Deutsche Bank Aktiengesellschaft boosted 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. Morgan Stanley lifted their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $505.88.

Motorola Solutions Stock Performance

NYSE:MSI traded up $1.11 during trading hours on Friday, reaching $423.39. The company had a trading volume of 1,140,543 shares, compared to its average volume of 691,445. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82. The firm has a market cap of $70.68 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The business's 50 day moving average price is $446.45 and its 200-day moving average price is $459.51. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's payout ratio is presently 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.