Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Consolidated Planning Corp

Consolidated Planning Corp boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 10.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,974 shares of the communications equipment provider's stock after acquiring an additional 2,057 shares during the period. Motorola Solutions accounts for about 1.4% of Consolidated Planning Corp's portfolio, making the stock its 17th largest holding. Consolidated Planning Corp's holdings in Motorola Solutions were worth $9,431,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock worth $26,000 after acquiring an additional 28 shares during the period. LRI Investments LLC increased 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 buying an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new position in Motorola Solutions in the first quarter valued at $28,000. Finally, Triad Wealth Partners LLC purchased a new position in Motorola Solutions in the second quarter valued at $29,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of MSI traded up $34.86 during mid-day trading on Friday, hitting $504.81. 1,185,601 shares of the company's stock were exchanged, compared to its average volume of 668,852. Motorola Solutions, Inc. has a fifty-two week low of $305.73 and a fifty-two week high of $506.72. The firm has a market capitalization of $84.22 billion, a P/E ratio of 55.29, a P/E/G ratio of 3.86 and a beta of 0.97. The business's 50 day moving average is $454.67 and its two-hundred day moving average is $409.07. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping 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 net margin of 14.04% and a return on equity of 337.36%. On average, equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company 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 of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.78%. Motorola Solutions's payout ratio is currently 42.94%.

Analysts Set New Price Targets

Several equities analysts recently commented on MSI shares. Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a report on Friday. 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. Barclays raised their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a report on Friday. Jefferies Financial Group raised their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $493.43.

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.