ING Groep NV Purchases 1,670 Shares of Motorola Solutions, Inc. (NYSE:MSI)

ING Groep NV lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,713 shares of the communications equipment provider's stock after buying an additional 1,670 shares during the period. ING Groep NV's holdings in Motorola Solutions were worth $17,407,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MSI. M&G Plc purchased a new stake in Motorola Solutions during the first quarter worth about $68,131,000. First Foundation Advisors raised its holdings in shares of Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider's stock worth $126,000 after purchasing an additional 97 shares during the period. TIAA Trust National Association grew its holdings in Motorola Solutions by 1.3% during the first quarter. TIAA Trust National Association now owns 3,774 shares of the communications equipment provider's stock valued at $1,340,000 after purchasing an additional 50 shares during the period. Edgestream Partners L.P. grew its holdings in Motorola Solutions by 90.6% during the first quarter. Edgestream Partners L.P. now owns 7,546 shares of the communications equipment provider's stock valued at $2,679,000 after purchasing an additional 3,586 shares during the period. Finally, Catalytic Wealth RIA LLC grew its holdings in Motorola Solutions by 40.2% during the first quarter. Catalytic Wealth RIA LLC now owns 1,713 shares of the communications equipment provider's stock valued at $608,000 after purchasing an additional 491 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded down $4.70 during trading on Friday, hitting $489.00. 725,106 shares of the company were exchanged, compared to its average volume of 669,014. The company has a market cap of $81.72 billion, a PE ratio of 54.14, a P/E/G ratio of 4.15 and a beta of 0.97. The stock has a 50 day moving average of $459.22 and a 200 day moving average of $413.22. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

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. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, December 13th. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's dividend payout ratio (DPR) is 42.94%.

Wall Street Analyst Weigh In

MSI has been the subject of several research reports. Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Barclays increased their price objective on Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Raymond James increased their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions 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.