First National Bank of Mount Dora Trust Investment Services Purchases 8,687 Shares of Motorola Solutions, Inc. (NYSE:MSI)

First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 89.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,410 shares of the communications equipment provider’s stock after purchasing an additional 8,687 shares during the period. Motorola Solutions comprises approximately 1.9% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 14th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Motorola Solutions were worth $8,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSI. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after buying an additional 88,603 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in Motorola Solutions in the 2nd quarter worth about $19,694,000. State Board of Administration of Florida Retirement System raised its position in 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 last quarter. First Foundation Advisors boosted its stake in shares of Motorola Solutions by 37.7% during the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in shares of Motorola Solutions during the second quarter worth about $790,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

Shares of MSI traded up $3.01 on Monday, reaching $456.90. 78,487 shares of the company’s stock traded hands, compared to its average volume of 663,910. Motorola Solutions, Inc. has a 52-week low of $298.63 and a 52-week high of $480.28. The stock’s 50 day simple moving average is $450.93 and its two-hundred day simple moving average is $405.39. The stock has a market cap of $76.23 billion, a PE ratio of 53.56, a PEG ratio of 3.78 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 (NYSE:MSI) last announced its quarterly earnings data 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 business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.41 EPS. On average, analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid 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 0.86%. Motorola Solutions’s dividend payout ratio is presently 45.90%.

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 that occurred on 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 completion of the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MSI. Bank of America lifted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $479.50.

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.