Motorola looks northward for growth

Article Excerpt

MOTOROLA SOLUTIONS INC. $105 (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 161.3 million; Market cap: $16.9 billion; Price-to-sales ratio: 2.7; Dividend yield: 2.0%; TSINetwork Rating: Average; www.motorolasolutions. com) makes specialized communications equipment such as radios for police and fire vehicles. The company has agreed to pay $1 billion for Avigilon Corp. (Toronto symbol AVO). Based in Vancouver, that firm designs, makes and sells high-definition surveillance systems. Users can view the closed-circuit images and footage on computers, tablets and smartphones. Motorola Solutions expects to complete the purchase by June 30, 2018. However, big acquisitions like this often come with hidden risks. Motorola Solutions is still a hold. hold…