Maxwell Wealth Strategies Inc. Purchases 1,614 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Maxwell Wealth Strategies Inc. grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,285 shares of the communications equipment provider’s stock after acquiring an additional 1,614 shares during the period. Motorola Solutions accounts for 2.0% of Maxwell Wealth Strategies Inc.’s portfolio, making the stock its 12th largest holding. Maxwell Wealth Strategies Inc.’s holdings in Motorola Solutions were worth $4,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MSI. Fidelis Capital Partners LLC raised its stake in shares of Motorola Solutions by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock worth $1,038,000 after acquiring an additional 22 shares during the last quarter. Omnia Family Wealth LLC increased its holdings in shares of Motorola Solutions by 2.2% in the third quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock valued at $527,000 after purchasing an additional 25 shares in the last quarter. Harbour Investments Inc. raised its position in Motorola Solutions by 2.1% in the 3rd quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock worth $578,000 after purchasing an additional 26 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Motorola Solutions by 9.8% during the 3rd quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 27 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $489.00 on Friday. 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 firm has a market capitalization of $81.72 billion, a P/E ratio of 53.56, a PEG ratio of 4.15 and a beta of 0.97. The business has a 50-day moving average of $460.37 and a 200-day moving average of $414.21. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $2.76 billion. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s payout ratio is 42.94%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSI. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Raymond James boosted their price objective 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 upped their target price 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. Evercore ISI lifted their price target 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. Finally, Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $493.43.

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.