Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,717 shares of the communications equipment provider's stock after purchasing an additional 10,096 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Motorola Solutions worth $98,791,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the second quarter worth about $25,000. Beacon Capital Management LLC increased its holdings in 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 in the last quarter. LRI Investments LLC increased 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 buying an additional 61 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Motorola Solutions in the third quarter valued at about $31,000. Finally, Triad Wealth Partners LLC purchased a new position in Motorola Solutions in the second quarter valued at about $29,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Raymond James increased their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Jefferies Financial Group increased their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Evercore ISI increased their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock 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.com, Motorola Solutions presently has a consensus rating of "Buy" and an average price target of $493.43.

Motorola Solutions Price Performance

Shares of MSI traded up $34.65 during mid-day trading on Friday, reaching $504.60. 1,185,681 shares of the company's stock were exchanged, compared to its average volume of 636,371. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The company has a 50-day simple moving average of $454.67 and a two-hundred day simple moving average of $409.07. Motorola Solutions, Inc. has a 52-week low of $305.73 and a 52-week high of $506.72. The company has a market cap of $84.19 billion, a price-to-earnings ratio of 59.09, a PEG ratio of 3.95 and a beta of 0.97.

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, topping analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.78%. Motorola Solutions's dividend payout ratio (DPR) is currently 45.90%.

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.