CIBC Private Wealth Group LLC Purchases 587 Shares of Motorola Solutions, Inc. (NYSE:MSI)

CIBC Private Wealth Group LLC raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,472 shares of the communications equipment provider’s stock after purchasing an additional 587 shares during the period. CIBC Private Wealth Group LLC’s holdings in Motorola Solutions were worth $6,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MSI. Schroder Investment Management Group boosted its stake in Motorola Solutions by 19.7% during the fourth quarter. Schroder Investment Management Group now owns 799,208 shares of the communications equipment provider’s stock valued at $369,418,000 after buying an additional 131,711 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider’s stock valued at $291,922,000 after acquiring an additional 484,727 shares in the last quarter. Intrust Bank NA boosted its position in shares of Motorola Solutions by 5.2% during the 4th quarter. Intrust Bank NA now owns 3,095 shares of the communications equipment provider’s stock valued at $1,431,000 after acquiring an additional 153 shares during the last quarter. OneAscent Wealth Management LLC purchased a new position in shares of Motorola Solutions during the fourth quarter worth about $209,000. Finally, Allstate Corp bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $1,971,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $436.15 on Wednesday. The firm has a fifty day simple moving average of $442.30 and a two-hundred day simple moving average of $459.57. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The company has a market capitalization of $72.81 billion, a PE ratio of 47.31, a P/E/G ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio is 47.29%.

Analyst Ratings Changes

Several brokerages have issued reports on MSI. Morgan Stanley lifted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Barclays dropped their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

About Motorola Solutions

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.