Entropy Technologies LP Purchases New Position in Motorola Solutions, Inc. (NYSE:MSI)

Entropy Technologies LP bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,600 shares of the communications equipment provider's stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Versor Investments LP bought a new stake in Motorola Solutions in the 3rd quarter worth about $449,000. Venturi Wealth Management LLC grew its stake in shares of Motorola Solutions by 33.9% in the third quarter. Venturi Wealth Management LLC now owns 154 shares of the communications equipment provider's stock worth $69,000 after acquiring an additional 39 shares during the period. GDS Wealth Management raised its holdings in shares of Motorola Solutions by 41.0% during the third quarter. GDS Wealth Management now owns 3,385 shares of the communications equipment provider's stock valued at $1,522,000 after purchasing an additional 984 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Motorola Solutions during the third quarter valued at approximately $80,000. Finally, Los Angeles Capital Management LLC grew its position in Motorola Solutions by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider's stock worth $184,088,000 after purchasing an additional 32,157 shares during the period. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

Shares of MSI traded down $4.70 during trading hours on Friday, reaching $489.00. 725,106 shares of the stock traded hands, compared to its average volume of 669,014. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The company has a market cap of $81.72 billion, a P/E ratio of 54.14, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97. The company's 50-day moving average price is $459.22 and its two-hundred day moving average price is $413.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, analysts anticipate that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, December 13th. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's payout ratio is 42.94%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSI. Raymond James increased their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Evercore ISI upped their price target 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a "buy" rating in a research report on Tuesday, August 6th. 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.