Primoris Wealth Advisors LLC Takes $226,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Primoris Wealth Advisors LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 502 shares of the communications equipment provider’s stock, valued at approximately $226,000.

Several other large investors have also bought and sold shares of MSI. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of 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 worth $138,210,000 after buying an additional 88,603 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in Motorola Solutions in the second quarter worth $19,694,000. State Board of Administration of Florida Retirement System grew its stake in Motorola Solutions by 8.9% in the 1st 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 increased its position 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 purchasing an additional 97 shares during the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $790,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MSI. Bank of America lifted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted 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 lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday. Finally, Evercore ISI boosted 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and an average price target of $493.43.

Motorola Solutions Trading Up 7.4 %

Motorola Solutions stock traded up $34.65 during trading hours on Friday, reaching $504.60. The stock had a trading volume of 1,185,681 shares, compared to its average volume of 636,371. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a fifty day simple moving average of $454.67 and a 200-day simple moving average of $409.07. The stock has a market cap of $84.19 billion, a PE ratio of 59.11, a PEG ratio of 3.95 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $305.73 and a 52 week high of $506.72.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.78%. Motorola Solutions’s dividend payout ratio (DPR) is 45.90%.

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.