Sweet Financial Partners LLC Makes New $333,000 Investment in Motorola Solutions, Inc. (NYSE:MSI)

Sweet Financial Partners LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 741 shares of the communications equipment provider’s stock, valued at approximately $333,000.

A number of other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ raised its stake in Motorola Solutions by 32.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after acquiring an additional 88,603 shares during the period. Magnolia Capital Advisors LLC bought a new stake in shares of Motorola Solutions in the second quarter valued at approximately $19,694,000. State Board of Administration of Florida Retirement System raised its position in shares of Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after purchasing an additional 15,488 shares during the period. First Foundation Advisors lifted its stake in shares of Motorola Solutions by 37.7% during the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 97 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new position in Motorola Solutions in the 2nd quarter worth approximately $790,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.2 %

MSI stock opened at $477.57 on Friday. The company’s 50 day moving average is $441.69 and its 200 day moving average is $395.81. The stock has a market cap of $79.66 billion, a price-to-earnings ratio of 59.03, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $480.28.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.41 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 0.82%. Motorola Solutions’s payout ratio is 48.45%.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Evercore ISI increased their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays boosted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $466.17.

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.