Zions Bancorporation N.A. Purchases 783 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Zions Bancorporation N.A. boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 23.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,159 shares of the communications equipment provider’s stock after acquiring an additional 783 shares during the period. Zions Bancorporation N.A.’s holdings in Motorola Solutions were worth $1,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&G Plc bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $68,131,000. First Foundation Advisors grew its holdings in shares of Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares in the last quarter. TIAA Trust National Association grew its holdings in shares of Motorola Solutions by 1.3% in the first quarter. TIAA Trust National Association now owns 3,774 shares of the communications equipment provider’s stock valued at $1,340,000 after purchasing an additional 50 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Motorola Solutions by 90.6% in the first quarter. Edgestream Partners L.P. now owns 7,546 shares of the communications equipment provider’s stock valued at $2,679,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Catalytic Wealth RIA LLC grew its holdings in shares of Motorola Solutions by 40.2% in the first quarter. Catalytic Wealth RIA LLC now owns 1,713 shares of the communications equipment provider’s stock valued at $608,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.6 %

NYSE:MSI opened at $493.70 on Friday. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The company has a market cap of $82.51 billion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97. The stock has a fifty day simple moving average of $458.10 and a 200-day simple moving average of $412.66. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analysts anticipate that Motorola Solutions, Inc. will post 12.26 EPS for the current 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 an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. Motorola Solutions’s payout ratio is presently 42.94%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MSI shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Bank of America lifted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Raymond James lifted 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. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus price target of $493.43.

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.