Scissortail Wealth Management LLC Purchases 12,121 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Scissortail Wealth Management LLC grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3,156.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,505 shares of the communications equipment provider’s stock after acquiring an additional 12,121 shares during the quarter. Motorola Solutions comprises 1.5% of Scissortail Wealth Management LLC’s holdings, making the stock its 19th largest holding. Scissortail Wealth Management LLC’s holdings in Motorola Solutions were worth $5,780,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Center for Financial Planning Inc. boosted its stake in shares of Motorola Solutions by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider’s stock valued at $2,337,000 after purchasing an additional 25 shares in the last quarter. Prestige Wealth Management Group LLC raised its position in Motorola Solutions by 11.9% in the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 25 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in Motorola Solutions by 22.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock worth $63,000 after purchasing an additional 25 shares during the last quarter. Wesbanco Bank Inc. boosted its position in Motorola Solutions by 2.1% during the fourth quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider’s stock valued at $596,000 after buying an additional 26 shares during the period. Finally, Clark Capital Management Group Inc. boosted its position in Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock valued at $294,000 after buying an additional 26 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Down 0.4%

NYSE MSI opened at $423.93 on Friday. Motorola Solutions, Inc. has a 1 year low of $356.77 and a 1 year high of $507.82. The stock has a market capitalization of $70.76 billion, a PE ratio of 45.98, a PEG ratio of 3.82 and a beta of 0.98. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The business’s 50-day moving average is $421.05 and its 200 day moving average is $450.29.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business posted $2.81 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 36.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MSI shares. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Barclays dropped their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.25.

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.