GLOBALT Investments LLC GA Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

GLOBALT Investments LLC GA trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,771 shares of the communications equipment provider’s stock after selling 5,296 shares during the period. GLOBALT Investments LLC GA’s holdings in Motorola Solutions were worth $7,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the second quarter valued at approximately $25,000. Beacon Capital Management LLC lifted its stake in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares in the last quarter. LRI Investments LLC lifted its stake in Motorola Solutions by 871.4% in 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. Crewe Advisors LLC bought a new stake in shares of Motorola Solutions in the 1st quarter worth about $28,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth about $29,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America upped their price target 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. Barclays upped their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI increased their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $489.00 on Monday. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The company’s 50 day simple moving average is $460.37 and its 200-day simple moving average is $415.28. The company has a market capitalization of $81.72 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 4.09 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 announced its quarterly earnings data 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $1.09 per share. The ex-dividend date is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.89%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 42.94%.

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.