Reliant Investment Management LLC Invests $4.81 Million in Motorola Solutions, Inc. (NYSE:MSI)

Reliant Investment Management LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,413 shares of the communications equipment provider’s stock, valued at approximately $4,813,000. Motorola Solutions accounts for approximately 2.1% of Reliant Investment Management LLC’s portfolio, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC grew its stake in shares of Motorola Solutions by 1.3% during the 4th quarter. Ballentine Partners LLC now owns 2,949 shares of the communications equipment provider’s stock worth $1,363,000 after acquiring an additional 38 shares during the period. Koshinski Asset Management Inc. boosted its stake in Motorola Solutions by 2.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 1,228 shares of the communications equipment provider’s stock worth $567,000 after purchasing an additional 34 shares during the period. UMB Bank n.a. boosted its stake in Motorola Solutions by 23.1% in the 4th quarter. UMB Bank n.a. now owns 814 shares of the communications equipment provider’s stock worth $376,000 after purchasing an additional 153 shares during the period. Trueblood Wealth Management LLC boosted its stake in Motorola Solutions by 15.1% in the 4th quarter. Trueblood Wealth Management LLC now owns 2,099 shares of the communications equipment provider’s stock worth $970,000 after purchasing an additional 276 shares during the period. Finally, Grove Bank & Trust boosted its stake in Motorola Solutions by 8.9% in the 4th quarter. Grove Bank & Trust now owns 1,401 shares of the communications equipment provider’s stock worth $648,000 after purchasing an additional 114 shares during the period. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSI. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Raymond James raised their target price on 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 raised their target price on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $465.23 on Tuesday. The stock has a market cap of $77.75 billion, a price-to-earnings ratio of 50.96, a P/E/G ratio of 3.42 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, Inc. has a 1-year low of $314.84 and a 1-year high of $507.82. The stock’s 50-day moving average is $477.21 and its 200 day moving average is $448.39.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. 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 company also recently disclosed 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 represents a $4.36 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 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.