The Manufacturers Life Insurance Company Boosts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

The Manufacturers Life Insurance Company lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,334 shares of the communications equipment provider’s stock after acquiring an additional 417 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Motorola Solutions worth $47,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Qsemble Capital Management LP purchased a new stake in shares of Motorola Solutions during the third quarter worth $666,000. Hancock Whitney Corp increased its position in shares of Motorola Solutions by 0.4% during the third quarter. Hancock Whitney Corp now owns 5,812 shares of the communications equipment provider’s stock worth $2,613,000 after acquiring an additional 26 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth $58,000. Brown Brothers Harriman & Co. increased its position in shares of Motorola Solutions by 24.0% during the third quarter. Brown Brothers Harriman & Co. now owns 439 shares of the communications equipment provider’s stock worth $197,000 after acquiring an additional 85 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Motorola Solutions by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider’s stock worth $1,343,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of recent research reports. Bank of America upped 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. Jefferies Financial Group increased 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. Deutsche Bank Aktiengesellschaft increased their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and an average target price of $506.29.

Motorola Solutions Stock Performance

NYSE MSI opened at $500.66 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The company has a market capitalization of $83.67 billion, a PE ratio of 54.84, a P/E/G ratio of 3.88 and a beta of 0.97. The company has a fifty day moving average of $470.38 and a two-hundred day moving average of $423.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, analysts expect that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 42.94%.

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.