Advisors Asset Management Inc. Buys 2,848 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Advisors Asset Management Inc. boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,260 shares of the communications equipment provider's stock after acquiring an additional 2,848 shares during the quarter. Advisors Asset Management Inc.'s holdings in Motorola Solutions were worth $13,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions in the second quarter valued at $25,000. Beacon Capital Management LLC increased its stake in shares of Motorola Solutions by 71.8% in the second 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 during the period. LRI Investments LLC raised its position in shares of Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions in the first quarter worth approximately $28,000. Finally, Triad Wealth Partners LLC bought a new stake in Motorola Solutions in the second quarter valued at approximately $29,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 1.1 %

Shares of NYSE MSI traded up $5.14 during midday trading on Wednesday, hitting $492.60. 588,873 shares of the stock traded hands, compared to its average volume of 667,816. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The business has a 50 day moving average price of $462.39 and a two-hundred day moving average price of $417.32. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The company has a market cap of $82.32 billion, a PE ratio of 53.39, a P/E/G ratio of 4.02 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data 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. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. On average, equities analysts predict that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. 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, November 8th. Bank of America boosted their target price 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. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions has an average rating of "Buy" and a consensus 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.