Arvest Investments Inc. Buys Shares of 1,647 Motorola Solutions, Inc. (NYSE:MSI)

Arvest Investments Inc. bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,647 shares of the communications equipment provider's stock, valued at approximately $741,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in Motorola Solutions during the 2nd quarter worth about $25,000. Beacon Capital Management LLC boosted its holdings in Motorola Solutions by 71.8% in the second 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 in the last quarter. LRI Investments LLC boosted its holdings in Motorola Solutions by 871.4% in the second 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. Crewe Advisors LLC purchased a new position in Motorola Solutions in the first quarter valued at approximately $28,000. Finally, Triad Wealth Partners LLC acquired a new stake in Motorola Solutions during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Price Performance

MSI stock traded up $34.65 during trading on Friday, reaching $504.60. 1,185,681 shares of the company were exchanged, compared to its average volume of 641,078. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The stock's 50 day moving average price is $454.67 and its 200 day moving average price is $409.51. Motorola Solutions, Inc. has a 52-week low of $305.73 and a 52-week high of $506.72. The company has a market cap of $84.19 billion, a P/E ratio of 55.27, a PEG ratio of 4.24 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. As a group, analysts predict that Motorola Solutions, Inc. will post 12.26 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.78%. Motorola Solutions's dividend payout ratio is presently 42.94%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSI shares. Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Bank of America raised 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. Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted 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, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target 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.