HB Wealth Management LLC Purchases 711 Shares of Motorola Solutions, Inc. (NYSE:MSI)

HB Wealth Management LLC grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,374 shares of the communications equipment provider’s stock after acquiring an additional 711 shares during the quarter. HB Wealth Management LLC’s holdings in Motorola Solutions were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MSI. XTX Topco Ltd boosted its holdings in shares of Motorola Solutions by 5.8% in the 2nd quarter. XTX Topco Ltd now owns 838 shares of the communications equipment provider’s stock worth $324,000 after purchasing an additional 46 shares during the period. Brighton Jones LLC boosted its holdings in shares of Motorola Solutions by 6.5% in the 2nd quarter. Brighton Jones LLC now owns 902 shares of the communications equipment provider’s stock worth $348,000 after purchasing an additional 55 shares during the period. Ieq Capital LLC boosted its holdings in shares of Motorola Solutions by 10.9% in the 2nd quarter. Ieq Capital LLC now owns 9,024 shares of the communications equipment provider’s stock worth $3,483,000 after purchasing an additional 888 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Motorola Solutions by 23.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 103,305 shares of the communications equipment provider’s stock worth $39,881,000 after purchasing an additional 19,399 shares during the period. Finally, Bridges Investment Management Inc. purchased a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $346,000. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MSI shares. Barclays lifted their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Raymond James boosted their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $504.88.

Motorola Solutions Price Performance

Shares of MSI stock opened at $465.23 on Monday. The stock has a market capitalization of $77.75 billion, a price-to-earnings ratio of 50.96, a P/E/G ratio of 3.35 and a beta of 1.01. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a twelve month low of $314.84 and a twelve month high of $507.82. The stock has a fifty day simple moving average of $477.21 and a two-hundred day simple moving average of $447.95.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, analysts predict that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 0.94%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, December 13th. Motorola Solutions’s payout ratio is presently 47.75%.

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.