Apollon Financial LLC Invests $218,000 in Motorola Solutions, Inc. (NYSE:MSI)

Apollon Financial LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 471 shares of the communications equipment provider’s stock, valued at approximately $218,000.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp grew its position in shares of Motorola Solutions by 2.7% during the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock worth $3,358,848,000 after buying an additional 198,183 shares during the period. Geode Capital Management LLC boosted its stake in Motorola Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock worth $1,675,588,000 after acquiring an additional 89,320 shares in the last quarter. Swedbank AB grew its holdings in Motorola Solutions by 0.3% in the fourth quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider’s stock worth $474,708,000 after purchasing an additional 3,040 shares during the period. International Assets Investment Management LLC increased its stake in Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Motorola Solutions by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 900,171 shares of the communications equipment provider’s stock valued at $404,744,000 after purchasing an additional 8,651 shares during the period. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped 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. Raymond James lifted their price target 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. Barclays boosted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note 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 equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $479.40 on Friday. Motorola Solutions, Inc. has a one year low of $314.84 and a one year high of $507.82. The company has a market cap of $80.12 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.54 and a beta of 1.02. The firm has a 50-day moving average of $470.40 and a 200-day moving average of $456.03. 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, topping 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. Equities research analysts forecast 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. Investors of record on Friday, December 13th were issued a dividend of $1.09 per share. 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 0.91%. The ex-dividend date of this dividend was Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is 47.75%.

About Motorola Solutions

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.