Freemont Management S.A. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 180.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the communications equipment provider's stock after acquiring an additional 9,000 shares during the period. Motorola Solutions accounts for approximately 3.1% of Freemont Management S.A.'s investment portfolio, making the stock its 6th biggest holding. Freemont Management S.A.'s holdings in Motorola Solutions were worth $6,295,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions during the 2nd quarter worth about $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% in 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 during the period. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% in the 2nd 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 period. Crewe Advisors LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at about $28,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $29,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently commented on MSI. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a "buy" rating in a research note on Tuesday, August 6th. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions currently has an average rating of "Buy" and an average price target of $493.43.
Check Out Our Latest Stock Report on Motorola Solutions
Motorola Solutions Stock Performance
Motorola Solutions stock traded down $3.00 during trading on Thursday, hitting $493.70. The stock had a trading volume of 553,527 shares, compared to its average volume of 668,754. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The stock's 50 day moving average is $458.10 and its two-hundred day moving average is $412.66. The stock has a market cap of $82.51 billion, a price-to-earnings ratio of 54.40, a price-to-earnings-growth ratio of 4.16 and a beta of 0.97.
Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current year.
Motorola Solutions Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. 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. Motorola Solutions's dividend payout ratio is currently 42.94%.
About Motorola Solutions
(
Free Report)
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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