Cary Street Partners Financial LLC Invests $936,000 in Motorola Solutions, Inc. (NYSE:MSI)

Cary Street Partners Financial LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,024 shares of the communications equipment provider's stock, valued at approximately $936,000.

Several other institutional investors also recently modified their holdings of the stock. Caxton Associates LP boosted its stake in Motorola Solutions by 6.2% in the fourth quarter. Caxton Associates LP now owns 6,090 shares of the communications equipment provider's stock worth $2,815,000 after buying an additional 357 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Motorola Solutions by 33.3% in the fourth quarter. Baird Financial Group Inc. now owns 24,822 shares of the communications equipment provider's stock worth $11,474,000 after buying an additional 6,194 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Motorola Solutions in the fourth quarter worth approximately $38,741,000. Benjamin Edwards Inc. boosted its stake in Motorola Solutions by 1.0% in the fourth quarter. Benjamin Edwards Inc. now owns 74,274 shares of the communications equipment provider's stock worth $34,332,000 after buying an additional 744 shares in the last quarter. Finally, BIP Wealth LLC boosted its stake in Motorola Solutions by 6.4% in the fourth quarter. BIP Wealth LLC now owns 785 shares of the communications equipment provider's stock worth $363,000 after buying an additional 47 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Up 1.1%

MSI stock traded up $4.50 on Monday, reaching $411.00. The company's stock had a trading volume of 698,913 shares, compared to its average volume of 777,067. The business has a fifty day simple moving average of $421.25 and a two-hundred day simple moving average of $451.62. Motorola Solutions, Inc. has a 12-month low of $356.30 and a 12-month high of $507.82. The firm has a market cap of $68.60 billion, a PE ratio of 44.60, a PEG ratio of 3.82 and a beta of 0.98. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, March 14th. Motorola Solutions's payout ratio is 36.39%.

Analyst Ratings Changes

MSI has been the subject of several research reports. Barclays cut their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Morgan Stanley increased their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. StockNews.com lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

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.