Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1,532.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,316 shares of the communications equipment provider's stock after purchasing an additional 5,929 shares during the quarter. Icon Wealth Advisors LLC's holdings in Motorola Solutions were worth $2,840,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MFA Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at about $25,000. Beacon Capital Management LLC boosted its position in 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 purchasing an additional 28 shares in the last quarter. LRI Investments LLC grew 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 purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions in the first quarter valued at $28,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

MSI stock opened at $494.82 on Friday. The company has a market cap of $82.69 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 4.00 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. The stock has a 50-day moving average price of $464.62 and a two-hundred day moving average price of $418.38. 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 posted its earnings results 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 firm 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 14.65% and a return on equity of 251.96%. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 0.88%. This is a boost from Motorola Solutions's previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions's dividend payout ratio is 42.94%.

Analysts Set New Price Targets

MSI has been the subject of several recent research reports. Barclays raised their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Finally, Bank of America boosted their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $493.43.

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.

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