Bank of Nova Scotia Purchases 126,512 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Bank of Nova Scotia raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 279.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,740 shares of the communications equipment provider’s stock after purchasing an additional 126,512 shares during the quarter. Bank of Nova Scotia owned 0.10% of Motorola Solutions worth $79,383,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC bought a new stake in Motorola Solutions in the 4th quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Motorola Solutions in the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in Motorola Solutions in the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. acquired a new stake in Motorola Solutions in the 4th quarter valued at $32,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSI has been the subject of several analyst reports. Barclays decreased their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Morgan Stanley boosted their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Stock Performance

MSI opened at $394.24 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The business has a 50 day moving average of $435.14 and a 200-day moving average of $458.22. The stock has a market cap of $65.82 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 3.82 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last announced 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 net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. On average, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.11%. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.29%.

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.