Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Fortis Capital Management LLC

Fortis Capital Management LLC raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,605 shares of the communications equipment provider’s stock after acquiring an additional 81 shares during the period. Fortis Capital Management LLC’s holdings in Motorola Solutions were worth $1,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MSI. International Assets Investment Management LLC increased its position 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 purchasing an additional 965,972 shares during the period. Swedbank AB boosted its holdings in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after buying an additional 699,615 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of Motorola Solutions by 38,505.0% in the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock worth $268,858,000 after acquiring an additional 694,630 shares during the period. National Bank of Canada FI boosted its position in Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after purchasing an additional 406,638 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Motorola Solutions by 1,477.3% in the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after purchasing an additional 335,496 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays increased their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Evercore ISI raised 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. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions Price Performance

MSI stock opened at $496.70 on Thursday. The company has a market cap of $83.01 billion, a PE ratio of 54.40, a price-to-earnings-growth ratio of 4.16 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The stock has a 50-day moving average price of $456.91 and a two-hundred day moving average price of $412.07. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.79%. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

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.