Benjamin Edwards Inc. Increases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Benjamin Edwards Inc. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1,916.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,530 shares of the communications equipment provider's stock after buying an additional 69,884 shares during the period. Benjamin Edwards Inc.'s holdings in Motorola Solutions were worth $33,062,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MSI. Kestra Investment Management LLC increased its holdings in Motorola Solutions by 65.1% during the 3rd quarter. Kestra Investment Management LLC now owns 2,895 shares of the communications equipment provider's stock worth $1,302,000 after purchasing an additional 1,142 shares during the period. Point72 Hong Kong Ltd grew its position in shares of Motorola Solutions by 67.1% during the third quarter. Point72 Hong Kong Ltd now owns 15,906 shares of the communications equipment provider's stock worth $7,152,000 after buying an additional 6,389 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth approximately $29,000. Erste Asset Management GmbH acquired a new stake in Motorola Solutions in the third quarter valued at approximately $3,571,000. Finally, Tradition Wealth Management LLC lifted its stake in Motorola Solutions by 3.3% in the third quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider's stock worth $294,000 after acquiring an additional 21 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MSI. Bank of America raised their price objective 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. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Barclays upped their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions currently has an average rating of "Buy" and a consensus price target of $506.29.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $3.00 during trading hours on Monday, reaching $496.70. The stock had a trading volume of 818,375 shares, compared to its average volume of 675,575. The firm has a 50-day moving average of $471.53 and a 200-day moving average of $425.07. The firm has a market cap of $83.01 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 3.96 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a fifty-two week low of $307.09 and a fifty-two week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Equities research analysts predict that Motorola Solutions, Inc. will post 12.54 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $1.09 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.88%. Motorola Solutions's payout ratio is currently 47.75%.

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.