CHB Investment Group LLC Buys Shares of 7,011 Motorola Solutions, Inc. (NYSE:MSI)

CHB Investment Group LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,011 shares of the communications equipment provider’s stock, valued at approximately $3,153,000. Motorola Solutions accounts for about 1.7% of CHB Investment Group LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors have also recently made changes to their positions in MSI. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Motorola Solutions by 0.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,391 shares of the communications equipment provider’s stock worth $9,168,000 after acquiring an additional 103 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in Motorola Solutions by 5.4% during the third quarter. Harbour Capital Advisors LLC now owns 5,368 shares of the communications equipment provider’s stock valued at $2,504,000 after buying an additional 274 shares during the period. Sweet Financial Partners LLC bought a new position in Motorola Solutions in the third quarter worth about $333,000. Vista Investment Partners LLC bought a new position in Motorola Solutions in the third quarter worth about $230,000. Finally, Trust Co. of Vermont raised its stake in Motorola Solutions by 9.8% in the third quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 27 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MSI shares. Bank of America increased their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. increased their price target 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. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Stock Down 0.8 %

Shares of MSI stock opened at $473.91 on Friday. The company has a market capitalization of $79.05 billion, a price-to-earnings ratio of 59.03, a PEG ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $271.73 and a one year high of $480.28. The company’s fifty day moving average price is $441.69 and its 200-day moving average price is $395.81. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.83%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

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.