Hartford Funds Management Co LLC Grows Position in Motorola Solutions, Inc. (NYSE:MSI)

Hartford Funds Management Co LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,515 shares of the communications equipment provider’s stock after buying an additional 108 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Motorola Solutions were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSI. Fidelis Capital Partners LLC raised its holdings in Motorola Solutions by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock valued at $1,038,000 after acquiring an additional 22 shares during the last quarter. Omnia Family Wealth LLC lifted its position in Motorola Solutions by 2.2% during the third quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock worth $527,000 after buying an additional 25 shares in the last quarter. Harbour Investments Inc. boosted its stake in Motorola Solutions by 2.1% during the third quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock worth $578,000 after buying an additional 26 shares during the last quarter. Trust Co. of Vermont grew its holdings in Motorola Solutions by 9.8% in the 3rd quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 27 shares in the last quarter. Finally, Beacon Capital Management LLC increased its stake in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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 research report on Friday, August 30th. Bank of America increased their price target 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. Barclays lifted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Raymond James upped their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Stock Up 1.2 %

Shares of NYSE MSI opened at $500.90 on Friday. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The business’s 50 day moving average is $465.80 and its two-hundred day moving average is $419.86. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 4.06 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Research analysts predict that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The firm 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. The ex-dividend date is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is 42.94%.

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.