Raub Brock Capital Management LP Purchases New Position in Motorola Solutions, Inc. (NYSE:MSI)

Raub Brock Capital Management LP acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 38,194 shares of the communications equipment provider's stock, valued at approximately $17,654,000. Motorola Solutions accounts for 3.8% of Raub Brock Capital Management LP's investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Motorola Solutions by 32.9% in the 2nd quarter. American Century Companies Inc. now owns 48,666 shares of the communications equipment provider's stock valued at $18,788,000 after purchasing an additional 12,048 shares in the last quarter. XTX Topco Ltd raised its stake in Motorola Solutions by 5.8% in the second quarter. XTX Topco Ltd now owns 838 shares of the communications equipment provider's stock worth $324,000 after buying an additional 46 shares in the last quarter. Brighton Jones LLC lifted its holdings in Motorola Solutions by 6.5% during the second quarter. Brighton Jones LLC now owns 902 shares of the communications equipment provider's stock worth $348,000 after buying an additional 55 shares during the period. Ieq Capital LLC boosted its position in Motorola Solutions by 10.9% during the 2nd quarter. Ieq Capital LLC now owns 9,024 shares of the communications equipment provider's stock valued at $3,483,000 after acquiring an additional 888 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Motorola Solutions by 23.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 103,305 shares of the communications equipment provider's stock valued at $39,881,000 after acquiring an additional 19,399 shares during the period. 84.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Barclays raised their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Raymond James lifted their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Morgan Stanley increased their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $504.88.

Motorola Solutions Stock Performance

Shares of MSI traded up $2.53 during trading hours on Friday, reaching $465.23. 621,264 shares of the company traded hands, compared to its average volume of 732,287. The stock has a market capitalization of $77.75 billion, a P/E ratio of 50.96, a P/E/G ratio of 3.35 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The business has a fifty day moving average price of $477.21 and a 200-day moving average price of $447.95. Motorola Solutions, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Equities analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.94%. This is a boost from Motorola Solutions's previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, December 13th. Motorola Solutions's payout ratio is presently 47.75%.

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.