Quarry LP Acquires 1,430 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Quarry LP boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 846.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,599 shares of the communications equipment provider’s stock after purchasing an additional 1,430 shares during the period. Quarry LP’s holdings in Motorola Solutions were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC bought a new position in shares of Motorola Solutions in the second quarter valued at approximately $25,000. Beacon Capital Management LLC raised its position 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 valued at $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC raised its position 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 valued at $26,000 after purchasing an additional 61 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Motorola Solutions in the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC bought a new position in shares of Motorola Solutions in the third quarter valued at approximately $29,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.0 %

MSI opened at $497.87 on Thursday. The firm’s 50-day simple moving average is $474.42 and its 200-day simple moving average is $427.40. 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, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The firm has a market cap of $83.20 billion, a price-to-earnings ratio of 54.53, a PEG ratio of 3.92 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.76 billion. Equities research analysts anticipate 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. Shareholders of record on Friday, December 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.88%. Motorola Solutions’s dividend payout ratio is presently 42.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MSI. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Raymond James upped their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI upped their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.