Exchange Traded Concepts LLC Has $3.55 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Exchange Traded Concepts LLC raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,669 shares of the communications equipment provider’s stock after buying an additional 1,131 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Motorola Solutions were worth $3,545,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Berbice Capital Management LLC bought a new position in Motorola Solutions during the fourth quarter valued at about $259,000. RFG Advisory LLC bought a new position in shares of Motorola Solutions in the fourth quarter worth about $307,000. Lincoln Capital Corp acquired a new position in shares of Motorola Solutions during the fourth quarter valued at $202,000. Veracity Capital LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $208,000. Finally, Secure Asset Management LLC bought a new position in shares of Motorola Solutions in the 4th quarter worth $220,000. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. 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 report on Friday, November 8th. Bank of America lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Raymond James raised 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. Finally, Morgan Stanley increased their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions Price Performance

NYSE:MSI opened at $479.49 on Friday. The firm’s fifty day moving average price is $474.94 and its two-hundred day moving average price is $450.48. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The company has a market cap of $80.13 billion, a P/E ratio of 52.52, a P/E/G ratio of 3.47 and a beta of 1.01. Motorola Solutions, Inc. has a one year low of $314.84 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (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 during the quarter, compared to the consensus estimate of $2.76 billion. Equities analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.75%.

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.