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

Freestone Grove Partners LP purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,527 shares of the communications equipment provider’s stock, valued at approximately $706,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Synergy Asset Management LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in Motorola Solutions during the fourth quarter valued at $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Motorola Solutions during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

MSI stock opened at $406.73 on Friday. Motorola Solutions, Inc. has a 1-year low of $345.27 and a 1-year high of $507.82. The business has a 50-day moving average price of $423.19 and a 200 day moving average price of $453.92. The company has a market capitalization of $67.91 billion, a P/E ratio of 44.11, a PEG ratio of 3.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. 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 posted $2.81 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a $1.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.07%. Motorola Solutions’s dividend payout ratio is presently 47.29%.

Analysts Set New Price Targets

Several analysts have issued reports on MSI shares. Morgan Stanley raised their price objective 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. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price 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. Finally, Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $515.25.

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.