Avitas Wealth Management LLC Has $3.39 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Avitas Wealth Management LLC increased its position in Motorola Solutions, Inc. (NYSE:MSI) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,530 shares of the communications equipment provider’s stock after purchasing an additional 119 shares during the period. Avitas Wealth Management LLC’s holdings in Motorola Solutions were worth $3,386,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. MFA Wealth Advisors LLC acquired a new position in shares of Motorola Solutions during the second quarter valued at about $25,000. Beacon Capital Management LLC increased its holdings in Motorola Solutions by 71.8% during the 2nd 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 in the last quarter. LRI Investments LLC raised 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. Triad Wealth Partners LLC purchased a new stake in shares of Motorola Solutions in the second quarter worth approximately $29,000. Finally, Crewe Advisors LLC bought a new position in shares of Motorola Solutions in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on MSI shares. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Evercore ISI raised their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays upped their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America lifted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $479.50.

Insider Activity at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $458.23 on Wednesday. The business’s 50 day simple moving average is $449.42 and its 200 day simple moving average is $403.02. Motorola Solutions, Inc. has a 12 month low of $272.38 and a 12 month high of $480.28. The company has a market cap of $76.43 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 3.96 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the company earned $2.41 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

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.