Quest Partners LLC increased its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 77.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,525 shares of the communications equipment provider’s stock after acquiring an additional 1,540 shares during the period. Quest Partners LLC’s holdings in Motorola Solutions were worth $1,585,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at $25,000. Beacon Capital Management LLC lifted its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares during the period. LRI Investments LLC lifted its position in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares during the period. Crewe Advisors LLC acquired a new stake in Motorola Solutions in the 1st quarter worth about $28,000. Finally, Triad Wealth Partners LLC purchased a new stake in Motorola Solutions in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays boosted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Bank of America increased their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $493.43.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $490.35 on Tuesday. The stock’s 50 day moving average price is $461.40 and its 200 day moving average price is $416.37. The stock has a market cap of $81.95 billion, a price-to-earnings ratio of 53.71, a PEG ratio of 4.09 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82.
Motorola Solutions (NYSE:MSI – Get Free Report) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Equities research analysts anticipate that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.
Motorola Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio is currently 42.94%.
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.
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