Cullen Investment Group LTD. Boosts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Cullen Investment Group LTD. grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,842 shares of the communications equipment provider’s stock after buying an additional 152 shares during the period. Motorola Solutions accounts for approximately 1.5% of Cullen Investment Group LTD.’s holdings, making the stock its 15th biggest holding. Cullen Investment Group LTD.’s holdings in Motorola Solutions were worth $10,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Motorola Solutions in the 3rd quarter valued at $31,000. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions in the second quarter valued at about $32,000. Planning Capital Management Corp acquired a new position in shares of Motorola Solutions during the third quarter worth about $32,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions in the third quarter worth about $33,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Motorola Solutions Trading Up 0.4 %

NYSE MSI opened at $457.10 on Tuesday. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth 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. Motorola Solutions, Inc. has a 12 month low of $314.08 and a 12 month high of $507.82. The company’s fifty day moving average price is $478.37 and its two-hundred day moving average price is $446.26.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate 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 net margin of 14.65% and a return on equity of 251.96%. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share 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. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is 47.75%.

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.