Motorola Solutions, Inc. (NYSE:MSI) Stock Position Reduced by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC decreased its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,923 shares of the communications equipment provider’s stock after selling 443 shares during the period. Motorola Solutions accounts for 2.3% of Oak Harbor Wealth Partners LLC’s holdings, making the stock its 7th largest position. Oak Harbor Wealth Partners LLC’s holdings in Motorola Solutions were worth $8,059,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions in the second quarter worth approximately $25,000. Beacon Capital Management LLC lifted its stake 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 lifted its stake 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Motorola Solutions during the 3rd quarter worth $31,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Motorola Solutions during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $493.70 on Friday. The firm has a 50 day moving average of $458.10 and a two-hundred day moving average of $412.66. The stock has a market capitalization of $82.51 billion, a PE ratio of 54.07, a P/E/G ratio of 4.15 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week 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, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. On average, research analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given 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 dividend on an annualized basis and a dividend yield of 0.88%. Motorola Solutions’s payout ratio is currently 42.94%.

Wall Street Analyst Weigh In

MSI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Raymond James increased their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays boosted their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Company 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.