69,634 Shares in Motorola Solutions, Inc. (NYSE:MSI) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 69,634 shares of the communications equipment provider’s stock, valued at approximately $32,222,000.

Several other large investors have also modified their holdings of MSI. Raymond James Financial Inc. purchased a new stake in Motorola Solutions during the fourth quarter worth $1,528,949,000. Norges Bank bought a new position in shares of Motorola Solutions in the 4th quarter worth $1,073,645,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Motorola Solutions by 330.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider’s stock worth $291,922,000 after purchasing an additional 484,727 shares during the last quarter. Geode Capital Management LLC grew its stake in Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock valued at $1,933,360,000 after purchasing an additional 451,172 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Motorola Solutions by 56,562.5% in the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider’s stock valued at $145,884,000 after purchasing an additional 315,053 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSI shares. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley upped their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Barclays lowered their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Down 7.7 %

Motorola Solutions stock opened at $401.91 on Friday. The business’s 50-day simple moving average is $439.25 and its two-hundred day simple moving average is $458.96. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The company has a market cap of $67.09 billion, a PE ratio of 43.59, a PEG ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a fifty-two week low of $332.98 and a fifty-two week high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3 billion. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 1.08%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio is currently 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.