AGF Management Ltd. Has $83.49 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

AGF Management Ltd. grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 180,622 shares of the communications equipment provider’s stock after buying an additional 27,254 shares during the quarter. AGF Management Ltd.’s holdings in Motorola Solutions were worth $83,489,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $26,000. First Command Advisory Services Inc. acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in Motorola Solutions in the 3rd quarter worth $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in Motorola Solutions in the 4th quarter worth $30,000. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Barclays reduced their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Trading Down 1.9 %

NYSE MSI opened at $415.18 on Tuesday. Motorola Solutions, Inc. has a fifty-two week low of $329.70 and a fifty-two week high of $507.82. The stock has a market cap of $69.31 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The stock has a 50 day simple moving average of $453.78 and a two-hundred day simple moving average of $460.91. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. On average, analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.05%. Motorola Solutions’s dividend payout ratio is currently 47.29%.

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.