Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Washington Trust Bank

Washington Trust Bank boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 712 shares of the communications equipment provider’s stock after buying an additional 64 shares during the period. Washington Trust Bank’s holdings in Motorola Solutions were worth $320,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MSI. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at about $25,000. Beacon Capital Management LLC boosted its holdings 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 purchasing an additional 28 shares in the last quarter. LRI Investments LLC increased its position in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Motorola Solutions during the 3rd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MSI shares. Evercore ISI upped their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays increased their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Eight equities 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 price target of $479.50.

Motorola Solutions Price Performance

MSI remained flat at $469.13 during midday trading on Thursday. 7,885 shares of the company’s stock were exchanged, compared to its average volume of 662,816. Motorola Solutions, Inc. has a one year low of $305.73 and a one year high of $480.28. The firm has a market cap of $78.27 billion, a PE ratio of 54.94, a PEG ratio of 3.86 and a beta of 0.97. 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 company’s fifty day moving average price is $452.76 and its 200-day moving average price is $407.52.

Motorola Solutions Announces Dividend

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

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.