Pitcairn Co. Purchases 1,741 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Pitcairn Co. grew its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,316 shares of the communications equipment provider's stock after purchasing an additional 1,741 shares during the period. Pitcairn Co.'s holdings in Motorola Solutions were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Synergy Asset Management LLC bought a new stake in Motorola Solutions during the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new position in shares of Motorola Solutions in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in Motorola Solutions during the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. bought a new position in Motorola Solutions in the 4th quarter valued at $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MSI shares. Barclays lowered 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. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $505.88.

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Motorola Solutions Trading Down 0.6 %

NYSE MSI traded down $2.39 during trading hours on Wednesday, hitting $392.33. The company's stock had a trading volume of 345,830 shares, compared to its average volume of 765,953. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The firm has a market capitalization of $65.51 billion, a P/E ratio of 42.53, a PEG ratio of 3.82 and a beta of 0.94. 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 fifty day moving average of $435.14 and a 200 day moving average of $458.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly 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 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. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.11%. Motorola Solutions's 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.