Point72 Hong Kong Ltd Acquires 6,389 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Point72 Hong Kong Ltd raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 67.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,906 shares of the communications equipment provider's stock after purchasing an additional 6,389 shares during the quarter. Point72 Hong Kong Ltd's holdings in Motorola Solutions were worth $7,152,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the second quarter worth about $25,000. Beacon Capital Management LLC boosted its holdings 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 buying an additional 28 shares in the last quarter. LRI Investments LLC grew its holdings 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 worth $26,000 after acquiring an additional 61 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $29,000. Finally, FSA Wealth Management LLC acquired a new stake in Motorola Solutions during the 3rd quarter valued at $29,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSI. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Barclays increased their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Raymond James boosted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions currently has an average rating of "Buy" and an average target price of $506.29.

Motorola Solutions Trading Down 0.2 %

Shares of MSI traded down $0.96 during trading hours on Friday, reaching $499.70. The stock had a trading volume of 460,651 shares, compared to its average volume of 759,929. The firm has a 50-day moving average of $471.53 and a 200 day moving average of $424.65. 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 company has a market cap of $83.51 billion, a P/E ratio of 54.73, a P/E/G ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82.

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, beating the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 12.54 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.87%. Motorola Solutions's dividend payout ratio is presently 42.94%.

Motorola Solutions 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.