Summit Global Investments Boosts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Summit Global Investments lifted its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,652 shares of the communications equipment provider's stock after buying an additional 6,937 shares during the period. Motorola Solutions makes up approximately 0.9% of Summit Global Investments' holdings, making the stock its 22nd largest holding. Summit Global Investments' holdings in Motorola Solutions were worth $13,706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its position in Motorola Solutions by 25.2% in the third quarter. First Horizon Advisors Inc. now owns 398 shares of the communications equipment provider's stock valued at $179,000 after purchasing an additional 80 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Motorola Solutions by 24.2% in the third quarter. Citizens Financial Group Inc. RI now owns 7,591 shares of the communications equipment provider's stock worth $3,420,000 after buying an additional 1,479 shares during the period. King Luther Capital Management Corp raised its holdings in Motorola Solutions by 3.0% during the 3rd quarter. King Luther Capital Management Corp now owns 988 shares of the communications equipment provider's stock valued at $444,000 after buying an additional 29 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in Motorola Solutions during the 3rd quarter valued at $223,000. Finally, Pacer Advisors Inc. grew its holdings in Motorola Solutions by 15.8% in the 3rd quarter. Pacer Advisors Inc. now owns 25,118 shares of the communications equipment provider's stock worth $11,294,000 after acquiring an additional 3,430 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

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Analyst Ratings Changes

MSI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. 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. Morgan Stanley lifted their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $505.88.

Motorola Solutions Stock Up 0.5 %

Shares of NYSE:MSI traded up $2.35 during midday trading on Wednesday, reaching $431.54. The company's stock had a trading volume of 598,317 shares, compared to its average volume of 692,191. 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 firm has a 50 day moving average of $445.27 and a 200-day moving average of $459.73. The firm has a market capitalization of $72.04 billion, a P/E ratio of 46.80, a PEG ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced 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%. On average, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.01%. Motorola Solutions's dividend payout ratio (DPR) is currently 47.29%.

Motorola Solutions Company 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.