Mirae Asset Global Investments Co. Ltd. Buys 3,723 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 17.8% in the fourth quarter, Holdings Channel reports. The firm owned 24,622 shares of the communications equipment provider’s stock after acquiring an additional 3,723 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Motorola Solutions were worth $11,464,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MSI. Synergy Asset Management LLC bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $25,000. Crews Bank & Trust purchased a new stake in Motorola Solutions during the 4th quarter valued at $26,000. FSA Wealth Management LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Motorola Solutions in the third quarter worth $31,000. Finally, Planning Capital Management Corp bought a new position in shares of Motorola Solutions during the third quarter valued at $32,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 0.2 %

Shares of MSI opened at $481.83 on Friday. Motorola Solutions, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $80.52 billion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 3.45 and a beta of 1.02. The business’s 50 day moving average is $471.19 and its 200 day moving average is $455.27.

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

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.75%.

Wall Street Analysts Forecast Growth

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