City State Bank Takes $63,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

City State Bank bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 136 shares of the communications equipment provider’s stock, valued at approximately $63,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Motorola Solutions during the 3rd quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions during the 3rd quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in Motorola Solutions during the 2nd quarter valued at approximately $32,000. Planning Capital Management Corp purchased a new stake in Motorola Solutions during the 3rd quarter valued at approximately $32,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions during the 3rd quarter valued at approximately $33,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on MSI shares. 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 note on Friday, November 8th. Bank of America boosted their target price on 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 boosted 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. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and an average target price of $504.88.

Motorola Solutions Stock Performance

MSI opened at $457.10 on Tuesday. The stock has a market cap of $76.39 billion, a P/E ratio of 50.07, a P/E/G ratio of 3.70 and a beta of 1.01. 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 stock’s 50 day simple moving average is $478.37 and its 200 day simple moving average is $446.26. Motorola Solutions, Inc. has a 1-year low of $314.08 and a 1-year high of $507.82.

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

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio 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.