Mystic Asset Management Inc. Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Mystic Asset Management Inc. purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 635 shares of the communications equipment provider's stock, valued at approximately $294,000.

Several other hedge funds also recently made changes to their positions in the business. Tradition Wealth Management LLC grew its stake in shares of Motorola Solutions by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider's stock worth $294,000 after acquiring an additional 21 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Motorola Solutions by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock valued at $2,337,000 after buying an additional 25 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Motorola Solutions by 0.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider's stock valued at $1,343,000 after buying an additional 26 shares during the last quarter. Hancock Whitney Corp boosted its holdings in shares of Motorola Solutions by 0.4% in the 3rd quarter. Hancock Whitney Corp now owns 5,812 shares of the communications equipment provider's stock valued at $2,613,000 after buying an additional 26 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Motorola Solutions by 2.1% in the 4th quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider's stock valued at $596,000 after buying an additional 26 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have recently commented on MSI. Morgan Stanley increased their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Barclays cut their price target 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 analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $505.88.

Motorola Solutions Stock Performance

Shares of MSI traded up $1.11 during midday trading on Friday, reaching $423.39. 1,140,543 shares of the stock were exchanged, compared to its average volume of 691,445. 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 company has a market cap of $70.68 billion, a P/E ratio of 45.92, a PEG ratio of 3.82 and a beta of 1.03. The stock's 50 day simple moving average is $446.45 and its 200 day simple moving average is $459.51.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results 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). 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 for the quarter, compared to analyst estimates of $3 billion. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, March 14th. Motorola Solutions's dividend payout ratio is currently 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.