Grove Bank & Trust Has $648,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Grove Bank & Trust boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,401 shares of the communications equipment provider’s stock after acquiring an additional 114 shares during the quarter. Grove Bank & Trust’s holdings in Motorola Solutions were worth $648,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Clarius Group LLC raised its holdings in shares of Motorola Solutions by 2.5% in the 4th quarter. Clarius Group LLC now owns 1,094 shares of the communications equipment provider’s stock worth $506,000 after buying an additional 27 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in Motorola Solutions by 9.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,084 shares of the communications equipment provider’s stock valued at $501,000 after acquiring an additional 94 shares during the period. Bowman & Co S.C. raised its stake in Motorola Solutions by 3.4% during the fourth quarter. Bowman & Co S.C. now owns 9,568 shares of the communications equipment provider’s stock worth $4,424,000 after acquiring an additional 314 shares in the last quarter. Raub Brock Capital Management LP bought a new position in shares of Motorola Solutions during the fourth quarter valued at $17,654,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at $1,388,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI stock opened at $465.23 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12 month low of $314.84 and a 12 month high of $507.82. The firm has a market cap of $77.75 billion, a price-to-earnings ratio of 50.96, a PEG ratio of 3.35 and a beta of 1.01. The stock has a 50-day moving average price of $477.21 and a 200 day moving average price of $447.95.

Motorola Solutions (NYSE:MSI) last issued its quarterly 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Research analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a dividend of $1.09 per share. 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. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.94%. Motorola Solutions’s payout ratio is 47.75%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price target 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James increased their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays lifted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $504.88.

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.