Patton Fund Management Inc. Purchases 6,253 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Patton Fund Management Inc. raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 73.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,733 shares of the communications equipment provider’s stock after buying an additional 6,253 shares during the period. Motorola Solutions makes up approximately 1.3% of Patton Fund Management Inc.’s portfolio, making the stock its 17th largest position. Patton Fund Management Inc.’s holdings in Motorola Solutions were worth $6,810,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

MSI has been the topic of several recent analyst reports. Barclays boosted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. 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 note on Tuesday, November 26th. Bank of America lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target 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. Finally, Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Down 0.6 %

MSI opened at $465.59 on Wednesday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a fifty day moving average of $474.05 and a 200-day moving average of $452.40. Motorola Solutions, Inc. has a fifty-two week low of $314.84 and a fifty-two week high of $507.82. The company has a market capitalization of $77.81 billion, a P/E ratio of 51.00, a P/E/G ratio of 3.47 and a beta of 1.01.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping 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 analysts’ expectations of $2.76 billion. On average, equities analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.36 dividend on an annualized basis 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 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.