Gulf International Bank UK Ltd Has $5.97 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Gulf International Bank UK Ltd trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,270 shares of the communications equipment provider’s stock after selling 574 shares during the period. Gulf International Bank UK Ltd’s holdings in Motorola Solutions were worth $5,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions during the second quarter worth approximately $25,000. Beacon Capital Management LLC lifted its holdings in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC grew its holdings in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Crewe Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter valued at $28,000. Finally, Triad Wealth Partners LLC bought a new position in Motorola Solutions during the 2nd quarter worth $29,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MSI. 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. Barclays increased their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group raised their price objective on 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 increased their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $461.90 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a market cap of $77.06 billion, a PE ratio of 54.09, a P/E/G ratio of 3.82 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $298.63 and a 12-month high of $480.28. The business’s 50-day moving average price is $452.08 and its two-hundred day moving average price is $407.09.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 45.90%.

About Motorola Solutions

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.