Patton Fund Management Inc. Acquires 6,253 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Patton Fund Management Inc. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 73.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,733 shares of the communications equipment provider’s stock after acquiring an additional 6,253 shares during the quarter. Motorola Solutions makes up approximately 1.3% of Patton Fund Management Inc.’s holdings, making the stock its 17th biggest holding. Patton Fund Management Inc.’s holdings in Motorola Solutions were worth $6,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. Robeco Institutional Asset Management B.V. raised its position in shares of Motorola Solutions by 11.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 707,562 shares of the communications equipment provider’s stock worth $327,056,000 after acquiring an additional 72,747 shares during the last quarter. R Squared Ltd acquired a new stake in Motorola Solutions in the fourth quarter worth about $633,000. BSW Wealth Partners increased its position in Motorola Solutions by 10.5% in the fourth quarter. BSW Wealth Partners now owns 811 shares of the communications equipment provider’s stock worth $375,000 after purchasing an additional 77 shares during the period. Stonegate Investment Group LLC bought a new stake in Motorola Solutions during the 4th quarter worth about $204,000. Finally, Hutchens & Kramer Investment Management Group LLC acquired a new position in Motorola Solutions during the 4th quarter valued at about $242,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Motorola Solutions Stock Down 0.6 %

NYSE:MSI opened at $465.59 on Wednesday. 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 $474.05 and a two-hundred day moving average price of $452.40. The stock has a market cap of $77.81 billion, a price-to-earnings ratio of 51.00, a PEG ratio of 3.47 and a beta of 1.01. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. As a group, equities analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.94%. Motorola Solutions’s dividend payout ratio is presently 47.75%.

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.