First Commonwealth Financial Corp PA Acquires 38 Shares of Motorola Solutions, Inc. (NYSE:MSI)

First Commonwealth Financial Corp PA increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,025 shares of the communications equipment provider’s stock after purchasing an additional 38 shares during the period. First Commonwealth Financial Corp PA’s holdings in Motorola Solutions were worth $1,360,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Motorola Solutions by 13.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,499 shares of the communications equipment provider’s stock valued at $5,620,000 after buying an additional 1,499 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Motorola Solutions by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 6,144 shares of the communications equipment provider’s stock worth $2,763,000 after purchasing an additional 89 shares in the last quarter. Soros Capital Management LLC acquired a new position in shares of Motorola Solutions during the third quarter worth $701,000. Insight Wealth Partners LLC purchased a new stake in shares of Motorola Solutions during the 3rd quarter valued at $218,000. Finally, Hardy Reed LLC acquired a new position in Motorola Solutions during the 3rd quarter valued at about $265,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MSI shares. 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. Evercore ISI raised 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. Jefferies Financial Group increased their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays increased their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $506.29.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $4.64 during midday trading on Wednesday, hitting $501.22. The company’s stock had a trading volume of 41,005 shares, compared to its average volume of 672,767. The company has a market cap of $83.76 billion, a P/E ratio of 54.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The business’s 50 day simple moving average is $467.86 and its 200 day simple moving average is $422.13. 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 (NYSE:MSI) last posted its quarterly earnings results 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. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, analysts forecast that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 42.94%.

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.