Oppenheimer Asset Management Inc. Has $4.11 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.3% during the third quarter, Holdings Channel.com reports. The firm owned 9,143 shares of the communications equipment provider’s stock after selling 122 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Motorola Solutions were worth $4,111,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Fidelis Capital Partners LLC lifted its holdings in shares of 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 worth $1,038,000 after purchasing an additional 22 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Motorola Solutions by 2.1% during the third 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 period. Trust Co. of Vermont lifted its holdings in shares of Motorola Solutions by 9.8% during the third quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 27 shares during the period. Beacon Capital Management LLC lifted its holdings in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. Finally, Range Financial Group LLC lifted its holdings in Motorola Solutions by 2.0% in the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Down 1.0 %

MSI opened at $489.00 on Friday. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. 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 company has a market cap of $81.72 billion, a P/E ratio of 53.56, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97. The company has a fifty day moving average price of $459.22 and a two-hundred day moving average price of $413.22.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $1.09 per share. 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. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s payout ratio is presently 42.94%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MSI shares. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Raymond James boosted their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted 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. Jefferies Financial Group boosted their target price 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. Finally, Barclays boosted their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $493.43.

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.