Oddo BHF Asset Management Sas Buys Shares of 74,335 Motorola Solutions, Inc. (NYSE:MSI)

Oddo BHF Asset Management Sas purchased a new position in Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,335 shares of the communications equipment provider’s stock, valued at approximately $33,423,000. Motorola Solutions accounts for 1.7% of Oddo BHF Asset Management Sas’ holdings, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Versor Investments LP purchased a new stake in Motorola Solutions in the third quarter worth $449,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Motorola Solutions by 32.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after buying an additional 88,603 shares in the last quarter. Groupama Asset Managment lifted its holdings in Motorola Solutions by 8.6% during the 3rd quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock valued at $263,967,000 after buying an additional 46,731 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Motorola Solutions in the 2nd quarter valued at about $19,694,000. Finally, Los Angeles Capital Management LLC grew its stake in Motorola Solutions by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after acquiring an additional 32,157 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $469.52 on Friday. The company has a market capitalization of $78.47 billion, a PE ratio of 51.43, a P/E/G ratio of 3.77 and a beta of 0.99. The company has a 50-day simple moving average of $478.34 and a two-hundred day simple moving average of $431.73. Motorola Solutions, Inc. has a one year low of $307.09 and a one year 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 data 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. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Research analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.93%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s payout ratio is 42.94%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of research reports. Barclays boosted their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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 report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. 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 report on Friday, August 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus 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.