Motorola Solutions, Inc. (NYSE:MSI) Stake Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 29,260 shares of the communications equipment provider’s stock after buying an additional 2,848 shares during the quarter. Advisors Asset Management Inc.’s holdings in Motorola Solutions were worth $13,156,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MSI. Versor Investments LP bought a new stake in shares of Motorola Solutions in the 3rd quarter worth $449,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after acquiring an additional 88,603 shares during the period. Magnolia Capital Advisors LLC bought a new stake in Motorola Solutions in the second quarter worth about $19,694,000. Los Angeles Capital Management LLC lifted its holdings in Motorola Solutions by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after acquiring an additional 32,157 shares during the last quarter. Finally, Heritage Wealth Management Inc. bought a new position in shares of Motorola Solutions during the 2nd quarter valued at about $790,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on MSI shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Raymond James raised their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Bank of America lifted 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. Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Jefferies Financial Group lifted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Stock Performance

MSI stock opened at $487.46 on Wednesday. The firm has a 50 day simple moving average of $462.39 and a 200 day simple moving average of $417.32. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82. The stock has a market cap of $81.46 billion, a P/E ratio of 53.39, a P/E/G ratio of 4.02 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion for 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%. Research analysts anticipate that Motorola Solutions, Inc. will post 12.48 earnings per share 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. Shareholders of record on Friday, December 13th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.89%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is currently 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.