Motorola Solutions Inc (MSI) Stake Increased by Montecito Bank & Trust
Montecito Bank & Trust lifted its position in Motorola Solutions Inc (NYSE:MSI) by 46.3% in the 4th quarter, HoldingsChannel reports. The fund owned 6,133 shares of the communications equipment provider’s stock after acquiring an additional 1,941 shares during the quarter. Montecito Bank & Trust’s holdings in Motorola Solutions were worth $706,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MSI. Parkside Financial Bank & Trust grew its stake in shares of Motorola Solutions by 36.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 98 shares in the last quarter. G&S Capital LLC bought a new stake in shares of Motorola Solutions in the 4th quarter worth $61,000. Cohen & Steers Inc. boosted its holdings in shares of Motorola Solutions by 32.3% in the 3rd quarter. Cohen & Steers Inc. now owns 611 shares of the communications equipment provider’s stock worth $80,000 after buying an additional 149 shares during the last quarter. CWM LLC boosted its holdings in shares of Motorola Solutions by 446.7% in the 3rd quarter. CWM LLC now owns 831 shares of the communications equipment provider’s stock worth $108,000 after buying an additional 679 shares during the last quarter. Finally, NuWave Investment Management LLC boosted its holdings in shares of Motorola Solutions by 1,537.3% in the 3rd quarter. NuWave Investment Management LLC now owns 966 shares of the communications equipment provider’s stock worth $126,000 after buying an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.
A number of equities analysts recently weighed in on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Monday, December 17th. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $130.00 to $126.00 and set a “sell” rating on the stock in a report on Friday, November 2nd. Laurentian reissued a “hold” rating and issued a $28.50 price target on shares of Motorola Solutions in a report on Monday, November 26th. Deutsche Bank boosted their price target on shares of Motorola Solutions to $150.00 and gave the stock a “buy” rating in a report on Friday. Finally, Credit Suisse Group cut their price target on shares of Motorola Solutions from $137.00 to $134.00 and set an “outperform” rating on the stock in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $129.88.
Shares of NYSE:MSI opened at $135.37 on Monday. The stock has a market capitalization of $22.13 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.89 and a beta of 0.53. Motorola Solutions Inc has a fifty-two week low of $96.94 and a fifty-two week high of $136.78.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $2.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.22. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. As a group, analysts predict that Motorola Solutions Inc will post 7.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a yield of 1.68%. Motorola Solutions’s dividend payout ratio is 33.38%.
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About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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