M&G Plc Sells 19,159 Shares of Motorola Solutions, Inc. (NYSE:MSI)

M&G Plc lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 128,723 shares of the communications equipment provider’s stock after selling 19,159 shares during the quarter. M&G Plc owned 0.08% of Motorola Solutions worth $57,925,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter valued at $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC grew its position 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 acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC bought 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 in the 2nd quarter valued at $29,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.5 %

Motorola Solutions stock opened at $469.16 on Thursday. The stock has a 50-day moving average of $452.76 and a two-hundred day moving average of $407.52. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a one year low of $304.13 and a one year high of $480.28. The stock has a market cap of $78.27 billion, a PE ratio of 54.94, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 45.90%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of recent research reports. Bank of America increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI increased their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $479.50.

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.