8,000 Shares in Motorola Solutions, Inc. (NYSE:MSI) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,000 shares of the communications equipment provider’s stock, valued at approximately $3,571,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC lifted its holdings in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the last quarter. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in Motorola Solutions in the second quarter worth approximately $29,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Motorola Solutions during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.6 %

Shares of MSI stock opened at $496.55 on Tuesday. The firm has a fifty day moving average of $471.53 and a 200-day moving average of $425.07. The stock has a market cap of $82.98 billion, a price-to-earnings ratio of 54.39, a P/E/G ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. 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 posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping 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. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 12.54 earnings per share for the current fiscal 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 dividend of $1.09 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s dividend payout ratio is currently 47.75%.

Analysts Set New Price Targets

Several research firms have commented on MSI. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Bank of America raised 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. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Raymond James boosted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $506.29.

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.