Cumberland Partners Ltd Grows Stake in Motorola Solutions, Inc. (NYSE:MSI)

Cumberland Partners Ltd increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 26.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,945 shares of the communications equipment provider's stock after purchasing an additional 4,835 shares during the period. Cumberland Partners Ltd's holdings in Motorola Solutions were worth $10,317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the second quarter valued at approximately $25,000. Beacon Capital Management LLC raised its position in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 28 shares in the last quarter. LRI Investments LLC lifted its stake in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock worth $26,000 after buying an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Motorola Solutions during the 3rd quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC bought a new stake in Motorola Solutions during the 2nd quarter valued at approximately $29,000. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSI has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Evercore ISI boosted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, Bank of America upped their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $493.43.

Motorola Solutions Stock Up 0.1 %

Motorola Solutions stock traded up $0.49 during midday trading on Tuesday, hitting $497.45. The stock had a trading volume of 748,598 shares, compared to its average volume of 669,851. The stock has a market cap of $83.00 billion, a P/E ratio of 54.10, a P/E/G ratio of 4.24 and a beta of 0.97. 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 business has a fifty day moving average price of $455.77 and a 200 day moving average price of $411.01. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.36. The company 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 310.04% and a net margin of 14.65%. Research analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Dividend Announcement

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

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.