OVERSEA CHINESE BANKING Corp Ltd Invests $673,000 in Motorola Solutions, Inc. (NYSE:MSI)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,497 shares of the communications equipment provider’s stock, valued at approximately $673,000.

A number of other institutional investors also recently added to or reduced their stakes in MSI. Patron Partners LLC acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $203,000. GSA Capital Partners LLP purchased a new position in Motorola Solutions in the third quarter worth $1,272,000. Harbour Investments Inc. lifted its holdings in Motorola Solutions by 2.1% in the third quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock valued at $578,000 after acquiring an additional 26 shares during the period. Entropy Technologies LP purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth $719,000. Finally, Versor Investments LP acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $449,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

MSI has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Raymond James boosted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions Stock Down 0.2 %

MSI opened at $496.70 on Thursday. The firm has a market cap of $83.01 billion, a P/E ratio of 54.40, a PEG ratio of 4.16 and a beta of 0.97. The business’s fifty day simple moving average is $456.91 and its 200 day simple moving average is $412.07. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 42.94%.

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.