Apollon Wealth Management LLC Raises Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Apollon Wealth Management LLC lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,684 shares of the communications equipment provider’s stock after acquiring an additional 559 shares during the quarter. Apollon Wealth Management LLC’s holdings in Motorola Solutions were worth $1,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MSI. Apollon Financial LLC purchased a new stake in Motorola Solutions during the fourth quarter worth $218,000. Vest Financial LLC raised its stake in shares of Motorola Solutions by 25.3% during the 4th quarter. Vest Financial LLC now owns 2,252 shares of the communications equipment provider’s stock worth $1,041,000 after buying an additional 454 shares during the last quarter. EULAV Asset Management boosted its position in shares of Motorola Solutions by 2.5% in the 4th quarter. EULAV Asset Management now owns 166,100 shares of the communications equipment provider’s stock worth $76,776,000 after buying an additional 4,000 shares in the last quarter. NatWest Group plc acquired a new stake in Motorola Solutions in the 4th quarter valued at about $5,630,000. Finally, Triasima Portfolio Management inc. purchased a new position in Motorola Solutions during the 4th quarter valued at about $2,050,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSI. Raymond James upped their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Morgan Stanley upped their target price on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. StockNews.com downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions Trading Up 0.3 %

NYSE MSI opened at $480.65 on Tuesday. The company has a market cap of $80.33 billion, a P/E ratio of 52.65, a P/E/G ratio of 3.54 and a beta of 1.02. Motorola Solutions, Inc. has a 12 month low of $314.84 and a 12 month high of $507.82. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The company has a 50-day moving average of $470.40 and a 200-day moving average of $456.91.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.91%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.75%.

Motorola Solutions 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.