Brown Brothers Harriman & Co. Grows Stake in Motorola Solutions, Inc. (NYSE:MSI)

Brown Brothers Harriman & Co. grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 130.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,013 shares of the communications equipment provider’s stock after buying an additional 574 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Motorola Solutions were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSI. D.A. Davidson & CO. raised its holdings in shares of Motorola Solutions by 13.0% in the 3rd quarter. D.A. Davidson & CO. now owns 1,245 shares of the communications equipment provider’s stock valued at $560,000 after purchasing an additional 143 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Motorola Solutions by 14.1% during the third quarter. Public Sector Pension Investment Board now owns 7,292 shares of the communications equipment provider’s stock valued at $3,279,000 after buying an additional 900 shares during the period. Rockefeller Capital Management L.P. bought a new position in Motorola Solutions in the third quarter worth approximately $6,169,000. Verition Fund Management LLC raised its position in shares of Motorola Solutions by 136.3% in the 3rd quarter. Verition Fund Management LLC now owns 10,904 shares of the communications equipment provider’s stock worth $4,903,000 after acquiring an additional 6,289 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its stake in shares of Motorola Solutions by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider’s stock worth $294,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MSI shares. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays reduced their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Morgan Stanley raised their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Stock Up 1.2 %

NYSE:MSI opened at $438.07 on Tuesday. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The company’s 50 day moving average is $442.93 and its two-hundred day moving average is $459.61. 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 company has a market cap of $73.13 billion, a PE ratio of 47.51, a P/E/G ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. Analysts anticipate 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 will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s dividend payout ratio is presently 47.29%.

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.