CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Boosts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 25.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,000 shares of the communications equipment provider’s stock after purchasing an additional 1,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Motorola Solutions were worth $2,311,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MSI. FSA Wealth Management LLC bought a new position in shares of Motorola Solutions during the third quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions during the 3rd quarter valued at about $31,000. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions in the 2nd quarter worth approximately $32,000. Planning Capital Management Corp purchased a new position in Motorola Solutions in the 3rd quarter worth approximately $32,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Motorola Solutions in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI opened at $479.49 on Friday. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82. The stock has a 50-day moving average price of $475.13 and a 200-day moving average price of $449.86. The firm has a market cap of $80.13 billion, a PE ratio of 52.52, a P/E/G ratio of 3.47 and a beta of 1.01. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Sell-side analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.91%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 47.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MSI shares. Raymond James upped their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays boosted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Bank of America lifted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions 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.