REDW Wealth LLC Buys Shares of 662 Motorola Solutions, Inc. (NYSE:MSI)

REDW Wealth LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 662 shares of the communications equipment provider’s stock, valued at approximately $306,000.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Motorola Solutions during the fourth quarter valued at approximately $1,528,949,000. Mizuho Securities USA LLC raised its holdings in shares of Motorola Solutions by 4,447.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after purchasing an additional 572,040 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings 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 worth $145,884,000 after purchasing an additional 315,053 shares in the last quarter. State Street Corp increased its position in Motorola Solutions by 2.7% during the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock worth $3,358,848,000 after buying an additional 198,183 shares during the last quarter. Finally, Barclays PLC increased its position in Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock worth $325,455,000 after buying an additional 165,353 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.1 %

MSI stock opened at $422.99 on Monday. The business’s 50-day simple moving average is $454.75 and its 200 day simple moving average is $460.97. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The company has a market cap of $70.61 billion, a PE ratio of 45.88, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a twelve month low of $329.70 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. On average, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given 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 1.03%. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Barclays decreased their price objective 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. Morgan Stanley lifted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $505.88.

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.