Fulton Bank N.A. Acquires Shares of 693 Motorola Solutions, Inc. (NYSE:MSI)

Fulton Bank N.A. bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 693 shares of the communications equipment provider’s stock, valued at approximately $320,000.

Several other institutional investors also recently modified their holdings of MSI. FSA Wealth Management LLC purchased a new position in Motorola Solutions in the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Motorola Solutions during the 3rd quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Motorola Solutions in the 2nd quarter worth about $32,000. Planning Capital Management Corp purchased a new position in shares of Motorola Solutions in the 3rd quarter worth about $32,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Motorola Solutions in the 3rd quarter worth about $33,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Down 1.6 %

Shares of MSI opened at $455.42 on Friday. The business’s 50-day moving average price is $478.39 and its 200-day moving average price is $444.94. Motorola Solutions, Inc. has a twelve month low of $312.73 and a twelve month high of $507.82. The stock has a market cap of $76.11 billion, a PE ratio of 49.88, a P/E/G ratio of 3.70 and a beta of 1.01. 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 (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. On average, equities analysts forecast that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 0.96%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s dividend payout ratio is 47.75%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSI. Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Raymond James upped their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley upped 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $504.88.

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.