Gulf International Bank UK Ltd Has $5.97 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Gulf International Bank UK Ltd lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,270 shares of the communications equipment provider’s stock after selling 574 shares during the period. Gulf International Bank UK Ltd’s holdings in Motorola Solutions were worth $5,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MSI. International Assets Investment Management LLC raised its position in shares of 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 worth $435,064,000 after acquiring an additional 965,972 shares in the last quarter. Swedbank AB lifted its stake in Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after buying an additional 699,615 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Motorola Solutions by 38,505.0% during the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock worth $268,858,000 after buying an additional 694,630 shares in the last quarter. National Bank of Canada FI grew its position in shares of Motorola Solutions by 428.2% during the 2nd quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares during the period. Finally, Alphinity Investment Management Pty Ltd increased its stake in shares of Motorola Solutions by 36.5% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after acquiring an additional 395,096 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research reports. 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays increased their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Jefferies Financial Group increased their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $479.50.

Motorola Solutions Stock Up 0.8 %

MSI stock opened at $461.90 on Wednesday. The stock has a market cap of $77.06 billion, a P/E ratio of 54.09, a P/E/G ratio of 3.82 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock’s fifty day simple moving average is $452.08 and its two-hundred day simple moving average is $407.09. Motorola Solutions, Inc. has a 1-year low of $298.63 and a 1-year high of $480.28.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is 45.90%.

Motorola Solutions 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.