Pinnacle Associates Ltd. Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Pinnacle Associates Ltd. grew its position in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,198 shares of the communications equipment provider’s stock after buying an additional 74 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Motorola Solutions were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MSI. American Century Companies Inc. lifted its holdings in shares of Motorola Solutions by 11.6% in the 1st quarter. American Century Companies Inc. now owns 3,918 shares of the communications equipment provider’s stock worth $949,000 after buying an additional 406 shares during the period. Cibc World Market Inc. lifted its stake in shares of Motorola Solutions by 3.1% during the 1st quarter. Cibc World Market Inc. now owns 11,087 shares of the communications equipment provider’s stock worth $2,685,000 after purchasing an additional 329 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Motorola Solutions by 8.8% during the 1st quarter. Moors & Cabot Inc. now owns 2,870 shares of the communications equipment provider’s stock worth $695,000 after purchasing an additional 231 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Motorola Solutions during the 1st quarter worth $225,000. Finally, Baird Financial Group Inc. lifted its stake in shares of Motorola Solutions by 7.3% during the 1st quarter. Baird Financial Group Inc. now owns 55,177 shares of the communications equipment provider’s stock worth $13,362,000 after purchasing an additional 3,741 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Down 0.5 %

Shares of NYSE:MSI opened at $350.35 on Thursday. The business’s 50-day moving average is $334.25 and its 200 day moving average is $313.90. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $355.39. The firm has a market capitalization of $58.20 billion, a P/E ratio of 35.46, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, March 14th. Motorola Solutions’s dividend payout ratio is presently 39.48%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Motorola Solutions

About Motorola Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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