Norris Perne & French LLP MI Grows Position in Motorola Solutions, Inc. (NYSE:MSI)

Norris Perne & French LLP MI boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,508 shares of the communications equipment provider’s stock after acquiring an additional 96 shares during the quarter. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $17,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,019,371 shares of the communications equipment provider’s stock worth $2,064,642,000 after acquiring an additional 88,158 shares during the period. Geode Capital Management LLC lifted its position in Motorola Solutions by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 3,531,492 shares of the communications equipment provider’s stock worth $1,008,362,000 after acquiring an additional 119,907 shares during the period. Alliancebernstein L.P. lifted its position in Motorola Solutions by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,337,453 shares of the communications equipment provider’s stock worth $978,808,000 after acquiring an additional 60,733 shares during the period. FMR LLC lifted its position in Motorola Solutions by 1.6% during the 3rd quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock worth $639,853,000 after acquiring an additional 37,718 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Motorola Solutions by 4.7% in the 4th quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after buying an additional 96,421 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $353.59 on Tuesday. The company has a market capitalization of $58.73 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 3.28 and a beta of 0.90. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $355.39. The stock has a fifty day moving average of $333.22 and a two-hundred day moving average of $312.93.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.38 earnings per share. On average, analysts anticipate that Motorola Solutions, Inc. will post 11.74 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, March 14th. Motorola Solutions’s dividend payout ratio is currently 39.48%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a report on Friday, January 19th. They issued a “buy” rating and a $350.00 price target for the company. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Barclays lifted their price objective on Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.25.

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.