Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 732,995 shares of the communications equipment provider's stock after purchasing an additional 95,489 shares during the quarter. Royal Bank of Canada owned 0.44% of Motorola Solutions worth $338,812,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Center for Financial Planning Inc. lifted its position in shares of Motorola Solutions by 0.5% during 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 buying an additional 25 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of 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 acquiring an additional 25 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Motorola Solutions by 22.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after purchasing an additional 25 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Motorola Solutions by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider's stock valued at $596,000 after purchasing an additional 26 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its stake in Motorola Solutions by 4.3% in the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after purchasing an additional 26 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of recent research reports. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Morgan Stanley raised 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. Barclays cut their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Trading Down 0.5%

MSI traded down $2.26 during mid-day trading on Tuesday, hitting $423.03. 653,024 shares of the stock were exchanged, compared to its average volume of 786,328. The firm's fifty day moving average is $421.29 and its two-hundred day moving average is $450.08. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 1-year low of $356.77 and a 1-year high of $507.82. The company has a market cap of $70.61 billion, a PE ratio of 45.88, a PEG ratio of 3.82 and a beta of 0.98.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $2.81 EPS. Motorola Solutions's revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. Motorola Solutions's payout ratio is currently 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.