Northwest & Ethical Investments L.P. Decreases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Northwest & Ethical Investments L.P. reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,036 shares of the communications equipment provider’s stock after selling 2,622 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Motorola Solutions were worth $5,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its position in Motorola Solutions by 39.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,873 shares of the communications equipment provider’s stock worth $1,375,000 after purchasing an additional 1,105 shares during the last quarter. Cetera Investment Advisers increased its holdings in Motorola Solutions by 224.4% during the first quarter. Cetera Investment Advisers now owns 36,350 shares of the communications equipment provider’s stock valued at $12,904,000 after buying an additional 25,146 shares during the last quarter. Cetera Advisors LLC raised its position in Motorola Solutions by 270.3% in the first quarter. Cetera Advisors LLC now owns 11,005 shares of the communications equipment provider’s stock worth $3,907,000 after acquiring an additional 8,033 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Motorola Solutions by 13.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 384 shares of the communications equipment provider’s stock worth $130,000 after acquiring an additional 46 shares during the last quarter. Finally, SRN Advisors LLC boosted its stake in shares of Motorola Solutions by 5.0% during the 1st quarter. SRN Advisors LLC now owns 2,629 shares of the communications equipment provider’s stock worth $933,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MSI shares. Evercore ISI raised their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays increased their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Bank of America lifted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $506.29.

Motorola Solutions Trading Up 0.8 %

MSI stock opened at $500.66 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The business has a 50 day simple moving average of $470.38 and a two-hundred day simple moving average of $423.22. The company has a market capitalization of $83.67 billion, a price-to-earnings ratio of 54.84, a PEG ratio of 3.97 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Research analysts anticipate that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced 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 represents a $4.36 annualized dividend and a dividend yield of 0.87%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is 42.94%.

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.