Cullen Investment Group LTD. Purchases 1,618 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Cullen Investment Group LTD. raised its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,460 shares of the communications equipment provider's stock after buying an additional 1,618 shares during the period. Motorola Solutions comprises about 1.6% of Cullen Investment Group LTD.'s portfolio, making the stock its 16th biggest position. Cullen Investment Group LTD.'s holdings in Motorola Solutions were worth $10,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. lifted its stake in shares of Motorola Solutions by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock valued at $2,337,000 after purchasing an additional 25 shares during the period. Prestige Wealth Management Group LLC raised its stake in Motorola Solutions by 11.9% during the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock worth $109,000 after buying an additional 25 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Motorola Solutions by 22.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after buying an additional 25 shares during the period. Clark Capital Management Group Inc. raised its stake in Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after buying an additional 26 shares during the period. Finally, Concord Wealth Partners raised its stake in Motorola Solutions by 47.4% during the 4th quarter. Concord Wealth Partners now owns 84 shares of the communications equipment provider's stock worth $39,000 after buying an additional 27 shares during the period. Institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

MSI has been the topic of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley increased their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, Barclays lowered their price objective 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Stock Performance

Shares of MSI traded down $1.27 on Monday, reaching $414.11. 207,845 shares of the company's stock traded hands, compared to its average volume of 800,242. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The stock has a market cap of $69.12 billion, a PE ratio of 44.88, a PEG ratio of 3.82 and a beta of 0.98. The stock's 50 day simple moving average is $420.90 and its two-hundred day simple moving average is $446.13. Motorola Solutions, Inc. has a 52-week low of $360.79 and a 52-week high of $507.82.

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

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

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.