Pacer Advisors Inc. raised its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,118 shares of the communications equipment provider’s stock after purchasing an additional 3,430 shares during the quarter. Pacer Advisors Inc.’s holdings in Motorola Solutions were worth $11,294,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Motorola Solutions by 3.7% during the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after acquiring an additional 82,044 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Motorola Solutions by 7.7% during the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after purchasing an additional 110,072 shares in the last quarter. Swedbank AB boosted its stake in shares of 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. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Motorola Solutions by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock valued at $383,614,000 after purchasing an additional 4,984 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Motorola Solutions by 59,189.5% during 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 buying an additional 965,972 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of MSI opened at $500.90 on Friday. 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 52-week low of $307.09 and a 52-week high of $507.82. The stock has a 50 day moving average price of $465.80 and a 200 day moving average price of $419.86. The company has a market capitalization of $83.71 billion, a price-to-earnings ratio of 54.86, a price-to-earnings-growth ratio of 4.06 and a beta of 0.97.
Motorola Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a 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 (DPR) is currently 42.94%.
Wall Street Analyst Weigh In
Several research firms have commented on MSI. Evercore ISI boosted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Bank of America increased 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. Barclays boosted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $493.43.
Check Out Our Latest Report on Motorola Solutions
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.
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