Saxon Interests Inc. Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Saxon Interests Inc. purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,624 shares of the communications equipment provider’s stock, valued at approximately $1,134,000.

Several other large investors also recently modified their holdings of MSI. Cornerstone Planning Group LLC bought a new position in Motorola Solutions in the second quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Motorola Solutions in the first quarter worth about $35,000. Eagle Bay Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth about $35,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $38,000. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $38,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 0.4 %

NYSE:MSI traded up $1.50 during trading hours on Friday, reaching $354.91. The company had a trading volume of 705,379 shares, compared to its average volume of 650,076. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $355.39. The firm has a market cap of $58.95 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 3.26 and a beta of 0.90. The business’s 50-day simple moving average is $331.97 and its two-hundred day simple moving average is $311.68. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.38 earnings per share. On average, equities analysts expect that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a dividend of $0.98 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.10%. Motorola Solutions’s payout ratio is 39.48%.

Insider Activity at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MSI. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. Barclays upped their target price on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 price target on the stock. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, Evercore ISI began coverage on shares of Motorola Solutions in a research report on Monday. They issued an “outperform” rating and a $400.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and a consensus price target of $337.25.

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.