OVERSEA CHINESE BANKING Corp Ltd Buys New Shares in Motorola Solutions, Inc. (NYSE:MSI)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,497 shares of the communications equipment provider’s stock, valued at approximately $673,000.

Several other large investors also recently bought and sold shares of the stock. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth approximately $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% in the 2nd 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 during the last quarter. LRI Investments LLC raised its holdings in shares of Motorola Solutions by 871.4% in the 2nd 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. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the second quarter worth $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $496.70 on Thursday. The stock has a market capitalization of $83.01 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 4.16 and a beta of 0.97. The firm’s fifty day simple moving average is $456.91 and its 200-day simple moving average is $412.07. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its 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. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.79%. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Evercore ISI raised their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Barclays upped their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised 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. Finally, Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $493.43.

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.