Red Cedar Investment Management LLC Purchases 2,684 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Red Cedar Investment Management LLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 20.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,775 shares of the communications equipment provider’s stock after buying an additional 2,684 shares during the period. Motorola Solutions comprises about 0.7% of Red Cedar Investment Management LLC’s portfolio, making the stock its 24th biggest holding. Red Cedar Investment Management LLC’s holdings in Motorola Solutions were worth $4,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northwest Capital Management Inc increased its stake in shares of Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 40 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Motorola Solutions during the 4th quarter valued at $36,000. Bruce G. Allen Investments LLC bought a new position in Motorola Solutions during the fourth quarter worth about $38,000. BOK Financial Private Wealth Inc. grew its stake in Motorola Solutions by 73.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 123 shares of the communications equipment provider’s stock valued at $39,000 after buying an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of Motorola Solutions by 21.3% during the 4th quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock valued at $58,000 after purchasing an additional 33 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price on the stock. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 target price on the stock. Finally, Barclays upped their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.50.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.

Motorola Solutions Stock Up 5.2 %

Shares of Motorola Solutions stock traded up $17.46 during trading on Friday, hitting $353.70. The company’s stock had a trading volume of 1,151,473 shares, compared to its average volume of 724,940. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $356.17. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. The company has a fifty day simple moving average of $343.38 and a two-hundred day simple moving average of $323.81. The company has a market capitalization of $58.76 billion, a PE ratio of 43.72, a P/E/G ratio of 3.27 and a beta of 0.91.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 408.01%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $3.38 earnings per share. Equities research analysts predict that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 annualized dividend and a yield of 1.11%. Motorola Solutions’s payout ratio is presently 48.45%.

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.