1,042 Shares in Motorola Solutions, Inc. (NYSE:MSI) Bought by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, HoldingsChannel reports. The firm purchased 1,042 shares of the communications equipment provider’s stock, valued at approximately $469,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSI. MFA Wealth Advisors LLC purchased a new stake in Motorola Solutions during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC lifted its position in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC boosted its stake in shares of Motorola Solutions by 871.4% during 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 bought a new position in shares of Motorola Solutions in the first quarter worth approximately $28,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Motorola Solutions in the second quarter worth $29,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $470.00 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $305.73 and a fifty-two week high of $480.28. The stock has a market cap of $78.41 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 3.86 and a beta of 0.97. The stock’s 50 day simple moving average is $452.76 and its two-hundred day simple moving average is $407.52. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 annualized dividend and a yield of 0.83%. Motorola Solutions’s payout ratio is 45.90%.

Wall Street Analyst Weigh In

MSI has been the subject of several analyst reports. Evercore ISI increased their price target on shares of 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. raised their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays upped their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, 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 report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $479.50.

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.