Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by PDS Planning Inc

PDS Planning Inc boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 640 shares of the communications equipment provider’s stock after purchasing an additional 56 shares during the quarter. PDS Planning Inc’s holdings in Motorola Solutions were worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norden Group LLC purchased a new stake in shares of Motorola Solutions in the 1st quarter worth about $216,000. Private Advisor Group LLC lifted its position in shares of Motorola Solutions by 2.1% in the first quarter. Private Advisor Group LLC now owns 4,178 shares of the communications equipment provider’s stock valued at $1,483,000 after acquiring an additional 84 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Motorola Solutions by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 26,111 shares of the communications equipment provider’s stock valued at $9,269,000 after acquiring an additional 186 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Motorola Solutions by 4,208.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,521 shares of the communications equipment provider’s stock worth $3,380,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Motorola Solutions by 1.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after purchasing an additional 30 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Trading Up 0.9 %

NYSE MSI opened at $458.18 on Tuesday. The company’s fifty day moving average price is $451.49 and its two-hundred day moving average price is $406.23. Motorola Solutions, Inc. has a 12 month low of $298.63 and a 12 month high of $480.28. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 3.82 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 45.90%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSI. Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays lifted their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $479.50.

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.