OVERSEA CHINESE BANKING Corp Ltd Invests $673,000 in Motorola Solutions, Inc. (NYSE:MSI)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,497 shares of the communications equipment provider's stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Skandinaviska Enskilda Banken AB publ lifted its stake in Motorola Solutions by 32.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider's stock worth $138,210,000 after acquiring an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Motorola Solutions during the 2nd quarter worth about $19,694,000. Los Angeles Capital Management LLC increased its holdings in Motorola Solutions by 8.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider's stock worth $184,088,000 after purchasing an additional 32,157 shares during the period. First Foundation Advisors increased 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 valued at $126,000 after acquiring an additional 97 shares during the last quarter. Finally, Heritage Wealth Management Inc. purchased a new position in shares of Motorola Solutions in the 2nd quarter valued at about $790,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $3.15 during midday trading on Thursday, hitting $493.55. 134,444 shares of the company's stock were exchanged, compared to its average volume of 666,858. The firm has a market cap of $82.48 billion, a P/E ratio of 54.40, a PEG ratio of 4.16 and a beta of 0.97. 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, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The stock's 50 day moving average price is $458.10 and its 200-day moving average price is $412.66.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Equities research analysts anticipate that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on MSI shares. 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. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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 MarketBeat, Motorola Solutions has a consensus 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.