Advisor Resource Council Invests $207,000 in Motorola Solutions, Inc. (NYSE:MSI)

Advisor Resource Council bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 460 shares of the communications equipment provider’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of MSI. Fidelis Capital Partners LLC raised its stake in Motorola Solutions by 1.0% during the third quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock valued at $1,038,000 after purchasing an additional 22 shares in the last quarter. Trust Co. of Vermont raised its stake in Motorola Solutions by 9.8% during the third quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 27 shares in the last quarter. Beacon Capital Management LLC raised its stake in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. Range Financial Group LLC raised its stake in Motorola Solutions by 2.0% during the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 28 shares in the last quarter. Finally, Vestor Capital LLC raised its stake in Motorola Solutions by 4.2% during the third quarter. Vestor Capital LLC now owns 689 shares of the communications equipment provider’s stock valued at $310,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Bank of America boosted their price objective on shares of 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 shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $479.50.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $470.00 on Friday. The firm has a market cap of $78.41 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The firm’s 50 day simple moving average is $452.76 and its 200-day simple moving average is $407.52. Motorola Solutions, Inc. has a one year low of $305.73 and a one year high of $480.28. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 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.