State Street Corp Acquires 198,183 Shares of Motorola Solutions, Inc. (NYSE:MSI)

State Street Corp lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,454,643 shares of the communications equipment provider’s stock after purchasing an additional 198,183 shares during the quarter. State Street Corp’s holdings in Motorola Solutions were worth $3,358,848,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Quantinno Capital Management LP raised its holdings in shares of Motorola Solutions by 33.2% in the third quarter. Quantinno Capital Management LP now owns 20,091 shares of the communications equipment provider’s stock valued at $9,034,000 after buying an additional 5,008 shares during the last quarter. Quarry LP raised its holdings in shares of Motorola Solutions by 846.2% in the third quarter. Quarry LP now owns 1,599 shares of the communications equipment provider’s stock valued at $719,000 after buying an additional 1,430 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Motorola Solutions by 3.9% in the third quarter. Royal London Asset Management Ltd. now owns 76,963 shares of the communications equipment provider’s stock valued at $34,605,000 after buying an additional 2,872 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Motorola Solutions in the third quarter valued at about $9,038,000. Finally, Morse Asset Management Inc raised its holdings in shares of Motorola Solutions by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,555 shares of the communications equipment provider’s stock valued at $699,000 after buying an additional 35 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $494.82 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. The stock has a market cap of $82.69 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.99. The stock has a 50-day moving average of $475.35 and a 200-day moving average of $427.87. Motorola Solutions, Inc. has a one year low of $307.09 and a one year 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 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 251.96% and a net margin of 14.65%. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. Motorola Solutions’s payout ratio is currently 42.94%.

Analysts Set New Price Targets

Several analysts have weighed in on MSI shares. Barclays boosted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Bank of America boosted 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $506.29.

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.