Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,124 shares of the communications equipment provider's stock after buying an additional 3,208 shares during the period. Assetmark Inc.'s holdings in Motorola Solutions were worth $14,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWA Asset Management Group LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $378,000. Leavell Investment Management Inc. raised its position in shares of Motorola Solutions by 21.6% during the third quarter. Leavell Investment Management Inc. now owns 1,429 shares of the communications equipment provider's stock valued at $644,000 after buying an additional 254 shares during the last quarter. Fiera Capital Corp increased its position in Motorola Solutions by 8.4% in the third quarter. Fiera Capital Corp now owns 31,070 shares of the communications equipment provider's stock worth $13,970,000 after purchasing an additional 2,396 shares during the last quarter. Summit Global Investments increased its position in Motorola Solutions by 115.5% in the third quarter. Summit Global Investments now owns 22,715 shares of the communications equipment provider's stock worth $10,213,000 after purchasing an additional 12,173 shares during the last quarter. Finally, Consolidated Planning Corp increased its position in Motorola Solutions by 10.9% in the third quarter. Consolidated Planning Corp now owns 20,974 shares of the communications equipment provider's stock worth $9,431,000 after purchasing an additional 2,057 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSI shares. Barclays boosted 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. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Finally, Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $493.43.

Motorola Solutions Trading Down 1.5 %

Shares of MSI traded down $7.64 during trading hours on Monday, reaching $496.96. 754,415 shares of the company traded hands, compared to its average volume of 669,245. The firm has a market cap of $82.91 billion, a price-to-earnings ratio of 55.27, a PEG ratio of 4.24 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock's fifty day moving average price is $454.67 and its 200 day moving average price is $409.96.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued 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. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 310.04%. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.79%. Motorola Solutions's dividend payout ratio is presently 42.94%.

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.