Arvest Bank Trust Division Takes $6.83 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Arvest Bank Trust Division bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,193 shares of the communications equipment provider’s stock, valued at approximately $6,831,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Motorola Solutions by 2.7% in the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after purchasing an additional 198,183 shares during the last quarter. Geode Capital Management LLC grew its stake in Motorola Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock valued at $1,675,588,000 after buying an additional 89,320 shares during the last quarter. Raymond James & Associates grew its stake in Motorola Solutions by 3.7% in the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after buying an additional 82,044 shares during the last quarter. Legal & General Group Plc raised its holdings in Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after acquiring an additional 110,072 shares during the period. Finally, Swedbank AB lifted its position in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $478.08 on Thursday. The company’s 50-day moving average price is $477.93 and its two-hundred day moving average price is $431.47. The firm has a market cap of $79.90 billion, a P/E ratio of 52.36, a P/E/G ratio of 3.86 and a beta of 0.99. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. On average, analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.91%. Motorola Solutions’s dividend payout ratio (DPR) is 47.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MSI shares. Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Raymond James increased their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Bank of America raised their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $506.29.

Motorola Solutions Company 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.