Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,515 shares of the communications equipment provider’s stock after purchasing an additional 108 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Motorola Solutions were worth $1,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC increased its holdings in shares of Motorola Solutions by 62.4% in the third quarter. Summit Trail Advisors LLC now owns 2,577 shares of the communications equipment provider’s stock valued at $1,161,000 after purchasing an additional 990 shares during the period. Larson Financial Group LLC increased its holdings in Motorola Solutions by 56.5% in the 3rd quarter. Larson Financial Group LLC now owns 956 shares of the communications equipment provider’s stock worth $430,000 after buying an additional 345 shares during the period. Algert Global LLC increased its holdings in Motorola Solutions by 637.4% in the 3rd quarter. Algert Global LLC now owns 10,833 shares of the communications equipment provider’s stock worth $4,871,000 after buying an additional 9,364 shares during the period. Cerity Partners LLC raised its position in Motorola Solutions by 36.2% during the 3rd quarter. Cerity Partners LLC now owns 18,041 shares of the communications equipment provider’s stock worth $8,112,000 after buying an additional 4,793 shares during the last quarter. Finally, Nwam LLC lifted its stake in Motorola Solutions by 39.9% during the 3rd quarter. Nwam LLC now owns 1,230 shares of the communications equipment provider’s stock valued at $553,000 after acquiring an additional 351 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent research reports. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America lifted their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Stock Up 1.2 %

Shares of MSI opened at $500.90 on Friday. The firm has a market cap of $83.71 billion, a P/E ratio of 54.86, a PEG ratio of 4.06 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The stock’s 50 day moving average is $465.80 and its two-hundred day moving average is $419.86. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results 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. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is 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.