Citizens Financial Group Inc. RI Raises Position in Motorola Solutions, Inc. (NYSE:MSI)

Citizens Financial Group Inc. RI increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,591 shares of the communications equipment provider’s stock after purchasing an additional 1,479 shares during the period. Citizens Financial Group Inc. RI’s holdings in Motorola Solutions were worth $3,420,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in Motorola Solutions during the first quarter worth about $28,000. EP Wealth Advisors LLC boosted its stake in shares of Motorola Solutions by 57.7% during the 1st quarter. EP Wealth Advisors LLC now owns 2,186 shares of the communications equipment provider’s stock worth $776,000 after acquiring an additional 800 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Motorola Solutions by 83.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 83,906 shares of the communications equipment provider’s stock worth $29,785,000 after acquiring an additional 38,212 shares during the period. Alpine Global Management LLC purchased a new position in Motorola Solutions in the 1st quarter valued at approximately $2,228,000. Finally, BOKF NA raised its holdings in Motorola Solutions by 51.8% during the first quarter. BOKF NA now owns 22,690 shares of the communications equipment provider’s stock worth $8,023,000 after purchasing an additional 7,744 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI opened at $494.82 on Friday. The company has a market capitalization of $82.69 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 4.00 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The business’s 50-day moving average price is $464.62 and its 200 day moving average price is $418.38.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. On average, research analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. 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 report on Friday, November 8th. Finally, Barclays upped their price objective on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $493.43.

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.