Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Saxon Interests Inc.

Saxon Interests Inc. grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 9.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,302 shares of the communications equipment provider’s stock after acquiring an additional 389 shares during the quarter. Motorola Solutions comprises 0.9% of Saxon Interests Inc.’s investment portfolio, making the stock its 29th biggest holding. Saxon Interests Inc.’s holdings in Motorola Solutions were worth $1,989,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Motorola Solutions by 32.9% in the second quarter. American Century Companies Inc. now owns 48,666 shares of the communications equipment provider’s stock valued at $18,788,000 after purchasing an additional 12,048 shares during the period. E Fund Management Co. Ltd. increased its position in Motorola Solutions by 40.6% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,934 shares of the communications equipment provider’s stock valued at $747,000 after acquiring an additional 558 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Motorola Solutions by 0.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 35,933 shares of the communications equipment provider’s stock valued at $13,872,000 after acquiring an additional 92 shares during the last quarter. Argent Trust Co lifted its holdings in shares of Motorola Solutions by 5.1% during the second quarter. Argent Trust Co now owns 1,100 shares of the communications equipment provider’s stock worth $425,000 after purchasing an additional 53 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in Motorola Solutions by 3.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,600 shares of the communications equipment provider’s stock valued at $2,548,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $464.73 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 1-year low of $314.84 and a 1-year high of $507.82. The company has a market capitalization of $77.67 billion, a price-to-earnings ratio of 50.68, a PEG ratio of 3.35 and a beta of 1.01. The business has a 50-day moving average of $478.15 and a 200-day moving average of $446.87.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.76 billion. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

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

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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 upped 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. Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their target price on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Barclays lifted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and an average price target of $504.88.

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.