Prudential PLC Acquires 30,170 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Prudential PLC raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 91.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,206 shares of the communications equipment provider’s stock after purchasing an additional 30,170 shares during the period. Prudential PLC’s holdings in Motorola Solutions were worth $29,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Centiva Capital LP bought a new stake in Motorola Solutions in the third quarter worth about $330,000. Hilltop Holdings Inc. lifted its stake in shares of Motorola Solutions by 131.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,422 shares of the communications equipment provider’s stock worth $1,089,000 after acquiring an additional 1,376 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Motorola Solutions by 3.6% during the 3rd quarter. HighTower Advisors LLC now owns 33,442 shares of the communications equipment provider’s stock valued at $14,998,000 after acquiring an additional 1,160 shares during the period. IHT Wealth Management LLC boosted its holdings in Motorola Solutions by 16.1% during the 3rd quarter. IHT Wealth Management LLC now owns 1,455 shares of the communications equipment provider’s stock valued at $654,000 after acquiring an additional 202 shares during the period. Finally, Morse Asset Management Inc lifted its position in shares of Motorola Solutions by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,555 shares of the communications equipment provider’s stock worth $699,000 after purchasing an additional 35 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays reduced 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, Morgan Stanley increased their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Trading Down 0.3 %

NYSE MSI opened at $435.70 on Friday. The stock has a market cap of $72.73 billion, a P/E ratio of 47.26, a P/E/G ratio of 3.82 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The company has a fifty day simple moving average of $440.81 and a two-hundred day simple moving average of $459.25.

Motorola Solutions (NYSE:MSI) last posted 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). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. On average, analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.00%. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.29%.

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.