Freestone Grove Partners LP Takes $706,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Freestone Grove Partners LP purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,527 shares of the communications equipment provider's stock, valued at approximately $706,000.

A number of other large investors have also bought and sold shares of the stock. Barclays PLC increased its stake in shares of Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider's stock valued at $325,455,000 after buying an additional 165,353 shares during the period. Franklin Resources Inc. lifted its position in Motorola Solutions by 136.2% during the third quarter. Franklin Resources Inc. now owns 181,023 shares of the communications equipment provider's stock valued at $85,610,000 after buying an additional 104,379 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Motorola Solutions by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider's stock valued at $98,791,000 after buying an additional 10,096 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Motorola Solutions by 75.3% in the 4th quarter. Versant Capital Management Inc now owns 291 shares of the communications equipment provider's stock worth $135,000 after acquiring an additional 125 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Motorola Solutions by 23.8% in the fourth quarter. GAMMA Investing LLC now owns 2,471 shares of the communications equipment provider's stock worth $1,142,000 after purchasing an additional 475 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MSI. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays decreased their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday. Morgan Stanley lifted their price target on shares of 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, StockNews.com lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Trading Down 1.3 %

NYSE:MSI traded down $5.29 during midday trading on Friday, hitting $405.08. 405,494 shares of the company traded hands, compared to its average volume of 773,564. Motorola Solutions, Inc. has a 12-month low of $356.30 and a 12-month high of $507.82. The firm has a market capitalization of $67.63 billion, a P/E ratio of 43.93, a P/E/G ratio of 3.82 and a beta of 0.98. 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 firm's fifty day moving average is $421.59 and its 200-day moving average is $452.26.

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

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, March 14th. Motorola Solutions's dividend payout ratio is presently 36.39%.

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.