Allstate Corp Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Allstate Corp bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,265 shares of the communications equipment provider’s stock, valued at approximately $1,971,000.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in Motorola Solutions by 44.3% during the 3rd quarter. Fisher Asset Management LLC now owns 2,150 shares of the communications equipment provider’s stock worth $967,000 after purchasing an additional 660 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Motorola Solutions by 13.0% in the third quarter. D.A. Davidson & CO. now owns 1,245 shares of the communications equipment provider’s stock worth $560,000 after buying an additional 143 shares in the last quarter. Townsquare Capital LLC boosted its position in Motorola Solutions by 49.9% during the third quarter. Townsquare Capital LLC now owns 4,724 shares of the communications equipment provider’s stock worth $2,124,000 after acquiring an additional 1,573 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Motorola Solutions by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,144 shares of the communications equipment provider’s stock valued at $2,763,000 after acquiring an additional 89 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Motorola Solutions by 13.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,499 shares of the communications equipment provider’s stock valued at $5,620,000 after acquiring an additional 1,499 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSI. Barclays lowered their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $433.38 on Friday. The firm has a market cap of $72.35 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 52 week low of $332.98 and a 52 week high of $507.82. The business’s fifty day simple moving average is $443.47 and its 200-day simple moving average is $459.45.

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

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s payout ratio is 47.29%.

Motorola Solutions Company Profile

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.