Saxon Interests Inc. Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Saxon Interests Inc. increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,302 shares of the communications equipment provider’s stock after purchasing an additional 389 shares during the period. Motorola Solutions makes up about 0.9% of Saxon Interests Inc.’s investment portfolio, making the stock its 29th largest position. Saxon Interests Inc.’s holdings in Motorola Solutions were worth $1,989,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. FSA Wealth Management LLC purchased a new stake in Motorola Solutions during the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions in the third quarter worth $31,000. Planning Capital Management Corp bought a new stake in shares of Motorola Solutions during the third quarter worth $32,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions during the third quarter valued at $33,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Motorola Solutions in the second quarter worth about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.0 %

MSI stock opened at $464.73 on Friday. The business’s 50-day moving average is $478.15 and its 200 day moving average is $446.87. Motorola Solutions, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82. The stock has a market cap of $77.67 billion, a price-to-earnings ratio of 50.68, a PEG ratio of 3.35 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 EPS for the quarter, beating 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

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