Commerce Bank Sells 27,216 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Commerce Bank lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,109 shares of the communications equipment provider’s stock after selling 27,216 shares during the quarter. Commerce Bank owned about 0.12% of Motorola Solutions worth $86,828,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSI. MFA Wealth Advisors LLC purchased a new stake in Motorola Solutions during the second quarter valued at $25,000. Beacon Capital Management LLC raised its position in shares of Motorola Solutions by 71.8% during 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 in the last quarter. LRI Investments LLC lifted 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 valued at $26,000 after acquiring an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Motorola Solutions in the third quarter worth about $31,000. Finally, Planning Capital Management Corp bought a new stake in Motorola Solutions during the third quarter worth approximately $32,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of a number of analyst reports. Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Bank of America lifted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions Stock Down 0.6 %

Shares of NYSE:MSI opened at $487.46 on Wednesday. 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 business’s 50 day moving average is $462.39 and its 200 day moving average is $417.32. The stock has a market cap of $81.46 billion, a P/E ratio of 53.39, a price-to-earnings-growth ratio of 4.02 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) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Sell-side analysts predict that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

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.