Redmond Asset Management LLC Invests $2.97 Million in Motorola Solutions, Inc. (NYSE:MSI)

Redmond Asset Management LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,421 shares of the communications equipment provider’s stock, valued at approximately $2,968,000.

Several other institutional investors have also recently made changes to their positions in MSI. Commerzbank Aktiengesellschaft FI increased its position in Motorola Solutions by 48.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 820 shares of the communications equipment provider’s stock worth $369,000 after buying an additional 267 shares during the last quarter. International Assets Investment Management LLC grew its stake in Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after buying an additional 965,972 shares in the last quarter. CENTRAL TRUST Co raised its holdings in Motorola Solutions by 5.1% during the 3rd quarter. CENTRAL TRUST Co now owns 5,090 shares of the communications equipment provider’s stock valued at $2,289,000 after acquiring an additional 246 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Motorola Solutions by 2.1% during the third quarter. IFM Investors Pty Ltd now owns 35,381 shares of the communications equipment provider’s stock worth $15,908,000 after acquiring an additional 729 shares in the last quarter. Finally, DT Investment Partners LLC boosted its holdings in shares of Motorola Solutions by 16.9% in the third quarter. DT Investment Partners LLC now owns 718 shares of the communications equipment provider’s stock worth $323,000 after acquiring an additional 104 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSI. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Barclays decreased their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

MSI stock opened at $421.38 on Friday. The firm has a 50 day simple moving average of $463.02 and a two-hundred day simple moving average of $459.62. 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 stock has a market cap of $70.35 billion, a PE ratio of 45.70, a P/E/G ratio of 3.82 and a beta of 1.02. Motorola Solutions, Inc. has a one year low of $325.78 and a one year high of $507.82.

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

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.