Fifth Third Bancorp Buys 7,551 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Fifth Third Bancorp lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 108.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,532 shares of the communications equipment provider’s stock after purchasing an additional 7,551 shares during the quarter. Fifth Third Bancorp’s holdings in Motorola Solutions were worth $6,717,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Motorola Solutions during the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Motorola Solutions in the 3rd quarter worth about $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Motorola Solutions during the 2nd quarter worth about $32,000. Planning Capital Management Corp bought a new position in Motorola Solutions during the 3rd quarter valued at about $32,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions in the 3rd quarter worth about $33,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of several recent analyst reports. Bank of America boosted their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James upped their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted 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. Barclays upped their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Morgan Stanley lifted their price objective on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions Stock Performance

MSI stock opened at $479.49 on Monday. Motorola Solutions, Inc. has a 1-year low of $314.84 and a 1-year high of $507.82. The business has a 50-day moving average price of $474.94 and a 200 day moving average price of $450.89. The company has a market capitalization of $80.13 billion, a P/E ratio of 52.52, a PEG 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 posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 12.57 EPS 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 given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.91%. 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 47.75%.

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.