Red Door Wealth Management LLC Invests $937,000 in Motorola Solutions, Inc. (NYSE:MSI)

Red Door Wealth Management LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,027 shares of the communications equipment provider’s stock, valued at approximately $937,000.

Other hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Motorola Solutions during the third quarter valued at $31,000. Planning Capital Management Corp purchased a new stake in Motorola Solutions in the third quarter worth $32,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions in the third quarter valued at $33,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at $32,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $475.78 on Friday. The company’s fifty day moving average price is $475.49 and its 200-day moving average price is $449.68. Motorola Solutions, Inc. has a one year low of $314.84 and a one year high of $507.82. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The firm has a market capitalization of $79.51 billion, a price-to-earnings ratio of 52.11, a PEG ratio of 3.44 and a beta of 1.01.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a $1.09 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.92%. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.75%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Morgan Stanley boosted their target price on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Bank of America lifted their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James increased their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $504.88.

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.