Park Avenue Securities LLC Acquires 3,208 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Park Avenue Securities LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 109.9% during the 4th quarter, Holdings Channel reports. The fund owned 6,127 shares of the communications equipment provider’s stock after buying an additional 3,208 shares during the period. Park Avenue Securities LLC’s holdings in Motorola Solutions were worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC bought a new position in Motorola Solutions in the 3rd quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions in the third quarter worth about $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at about $32,000. Planning Capital Management Corp bought a new position in shares of Motorola Solutions during the 3rd quarter valued at approximately $32,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.5 %

Shares of NYSE MSI opened at $465.23 on Friday. 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. Motorola Solutions, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The firm’s 50-day moving average price is $478.00 and its 200-day moving average price is $446.98.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.94%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.75%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MSI shares. Morgan Stanley upped their price target on shares of Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Raymond James boosted their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays increased their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Bank of America boosted their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $504.88.

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.