Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 13,827 shares of the communications equipment provider’s stock after acquiring an additional 205 shares during the quarter. QRG Capital Management Inc.’s holdings in Motorola Solutions were worth $6,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tradition Wealth Management LLC lifted its holdings in shares of Motorola Solutions by 3.3% during the third quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider’s stock worth $294,000 after purchasing an additional 21 shares during the period. Omnia Family Wealth LLC lifted its holdings in Motorola Solutions by 2.2% in the third quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock valued at $527,000 after acquiring an additional 25 shares during the period. Center for Financial Planning Inc. lifted its holdings in Motorola Solutions by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider’s stock valued at $2,337,000 after acquiring an additional 25 shares during the period. Harbour Investments Inc. lifted its holdings in Motorola Solutions by 2.1% in the third quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock valued at $578,000 after acquiring an additional 26 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Motorola Solutions by 0.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider’s stock valued at $1,343,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 2.8 %

Motorola Solutions stock opened at $441.37 on Friday. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. Motorola Solutions, Inc. has a 12 month low of $328.13 and a 12 month high of $507.82. The stock has a market capitalization of $73.68 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 3.82 and a beta of 1.02. The business has a 50 day simple moving average of $459.38 and a 200-day simple moving average of $460.31.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. On average, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s payout ratio is 47.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Raymond James boosted their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Barclays decreased their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $505.88.

About Motorola Solutions

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.