Patron Partners LLC Invests $203,000 in Motorola Solutions, Inc. (NYSE:MSI)

Patron Partners LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 451 shares of the communications equipment provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSI. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the second quarter valued at $25,000. Beacon Capital Management LLC grew its stake in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC grew its stake in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Crewe Advisors LLC purchased a new position in Motorola Solutions during the first quarter valued at $28,000. Finally, Triad Wealth Partners LLC purchased a new position in Motorola Solutions during the second quarter valued at $29,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on MSI. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America lifted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $496.96 on Tuesday. The firm has a 50-day moving average price of $454.67 and a 200-day moving average price of $409.96. The firm has a market capitalization of $82.91 billion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 310.04%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.79%. Motorola Solutions’s payout ratio is 42.94%.

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.