King Luther Capital Management Corp Buys 29 Shares of Motorola Solutions, Inc. (NYSE:MSI)

King Luther Capital Management Corp lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 988 shares of the communications equipment provider’s stock after purchasing an additional 29 shares during the quarter. King Luther Capital Management Corp’s holdings in Motorola Solutions were worth $444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its holdings in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC raised 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 purchasing an additional 61 shares in the last quarter. Triad Wealth Partners LLC bought a new position in Motorola Solutions during the second quarter valued at $29,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Motorola Solutions during the third quarter valued at $31,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on MSI shares. Barclays upped their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $493.43.

Motorola Solutions Trading Up 1.2 %

NYSE MSI opened at $500.90 on Friday. The stock has a market cap of $83.71 billion, a PE ratio of 54.86, a PEG ratio of 4.06 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The company’s 50-day moving average price is $465.80 and its 200-day moving average price is $419.86. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) 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%. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 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.