Metis Global Partners LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,252 shares of the communications equipment provider’s stock after buying an additional 537 shares during the period. Metis Global Partners LLC’s holdings in Motorola Solutions were worth $4,160,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MFA Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions during the second quarter valued at approximately $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC grew its position in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Motorola Solutions during the 3rd quarter valued at $31,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Motorola Solutions in the third quarter valued at $32,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Down 0.6 %
Motorola Solutions stock opened at $493.70 on Friday. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The company’s fifty day moving average price is $458.10 and its two-hundred day moving average price is $412.66. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The company has a market capitalization of $82.51 billion, a price-to-earnings ratio of 54.07, a PEG ratio of 4.15 and a beta of 0.97.
Motorola Solutions Increases Dividend
The company also recently declared 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 represents a $4.36 dividend on an annualized basis and a yield of 0.88%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is 42.94%.
Analyst Upgrades and Downgrades
MSI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Raymond James upped their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays lifted their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Bank of America increased their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $493.43.
Check Out Our Latest Stock Analysis on Motorola Solutions
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.
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