Harvest Fund Management Co. Ltd Boosts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Harvest Fund Management Co. Ltd raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 2,989 shares of the communications equipment provider’s stock after purchasing an additional 26 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Motorola Solutions were worth $1,343,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates increased its position in Motorola Solutions by 3.7% during the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after purchasing an additional 82,044 shares during the period. Legal & General Group Plc grew its position in shares of Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after buying an additional 110,072 shares during the last quarter. Swedbank AB grew its position in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after buying an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Motorola Solutions by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after buying an additional 4,984 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock worth $435,064,000 after buying an additional 965,972 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 2.5 %

MSI stock opened at $488.48 on Tuesday. The firm has a 50 day moving average of $466.71 and a 200 day moving average of $421.19. The stock has a market capitalization of $81.64 billion, a PE ratio of 53.50, a price-to-earnings-growth ratio of 4.11 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, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 0.89%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is presently 47.75%.

Analysts Set New Price Targets

MSI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. 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 report on Friday, August 30th. 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 report on Friday, November 8th. Finally, 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 note on Wednesday, October 23rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and an average 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.