UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 176,478 Shares of Motorola Solutions, Inc. (NYSE:MSI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,331,064 shares of the communications equipment provider’s stock after selling 176,478 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Motorola Solutions were worth $598,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the second quarter worth about $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Motorola Solutions in the third quarter worth about $31,000. Finally, Planning Capital Management Corp bought a new stake in shares of Motorola Solutions in the third quarter worth about $32,000. 84.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James lifted their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Jefferies Financial Group lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $506.29.

Motorola Solutions Price Performance

MSI stock opened at $500.66 on Friday. The firm has a 50 day moving average price of $470.38 and a 200-day moving average price of $423.22. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The firm has a market capitalization of $83.67 billion, a price-to-earnings ratio of 54.84, a PEG ratio of 3.97 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last released its earnings results 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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

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

Motorola Solutions Company 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.