Net Worth Advisory Group Invests $742,000 in Motorola Solutions, Inc. (NYSE:MSI)

Net Worth Advisory Group purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,650 shares of the communications equipment provider’s stock, valued at approximately $742,000.

A number of other hedge funds have also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $25,000. Beacon Capital Management LLC raised its holdings in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC grew its position in shares of 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 purchasing an additional 61 shares during the period. Crewe Advisors LLC purchased a new stake in Motorola Solutions during the first quarter valued at about $28,000. Finally, Rise Advisors LLC purchased a new stake in Motorola Solutions during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MSI shares. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Bank of America raised their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $466.17.

Insider Transactions at Motorola Solutions

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

Motorola Solutions Stock Down 0.5 %

Shares of MSI stock opened at $475.20 on Friday. The stock has a market cap of $79.26 billion, a PE ratio of 58.74, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The business’s fifty day moving average is $442.98 and its 200-day moving average is $396.66. 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 data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $2.41 EPS. Equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Motorola Solutions 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.