Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Washington Trust Bank

Washington Trust Bank lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 712 shares of the communications equipment provider’s stock after acquiring an additional 64 shares during the period. Washington Trust Bank’s holdings in Motorola Solutions were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSI. Raymond James & Associates boosted 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 worth $895,494,000 after buying an additional 82,044 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Motorola Solutions by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after acquiring an additional 110,072 shares during the period. Alphinity Investment Management Pty Ltd boosted its position in shares of Motorola Solutions by 36.5% in the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after acquiring an additional 395,096 shares during the last quarter. Swedbank AB grew its holdings 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 purchasing an additional 699,615 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after purchasing an additional 4,984 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE MSI remained flat at $469.13 on Thursday. The stock had a trading volume of 7,885 shares, compared to its average volume of 662,816. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 52 week low of $305.73 and a 52 week high of $480.28. The firm has a market cap of $78.27 billion, a price-to-earnings ratio of 54.94, a P/E/G ratio of 3.86 and a beta of 0.97. The company has a 50-day moving average price of $452.76 and a 200 day moving average price of $407.52.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 45.90%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Bank of America raised their price objective on 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. 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. Finally, Evercore ISI increased their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $479.50.

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.