Redmond Asset Management LLC Acquires Shares of 6,421 Motorola Solutions, Inc. (NYSE:MSI)

Redmond Asset Management LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,421 shares of the communications equipment provider’s stock, valued at approximately $2,968,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in Motorola Solutions during the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in shares of Motorola Solutions during the 4th quarter worth $26,000. FSA Wealth Management LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $31,000. Finally, Planning Capital Management Corp acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSI. Morgan Stanley boosted their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Raymond James upped their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays lowered their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Stock Performance

NYSE MSI opened at $421.38 on Friday. The company has a market capitalization of $70.35 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 3.82 and a beta of 1.02. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a twelve month low of $325.78 and a twelve month high of $507.82. The stock has a fifty day simple moving average of $463.02 and a 200 day simple moving average of $459.62.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

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.