Plato Investment Management Ltd Buys 680 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Plato Investment Management Ltd lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,233 shares of the communications equipment provider’s stock after acquiring an additional 680 shares during the period. Plato Investment Management Ltd’s holdings in Motorola Solutions were worth $4,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC grew its position in shares of Motorola Solutions by 7.1% in the 1st quarter. Bleakley Financial Group LLC now owns 2,893 shares of the communications equipment provider’s stock valued at $1,027,000 after acquiring an additional 193 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in Motorola Solutions by 4.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 19,080 shares of the communications equipment provider’s stock valued at $6,773,000 after purchasing an additional 831 shares during the last quarter. Gratus Wealth Advisors LLC grew its holdings in Motorola Solutions by 4.7% during the first quarter. Gratus Wealth Advisors LLC now owns 1,365 shares of the communications equipment provider’s stock worth $463,000 after purchasing an additional 61 shares during the period. M&G Plc acquired a new position in Motorola Solutions during the first quarter worth approximately $68,131,000. Finally, First Foundation Advisors raised its stake in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 97 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Down 0.2 %

Shares of NYSE MSI opened at $496.70 on Thursday. The stock has a market capitalization of $83.01 billion, a P/E ratio of 54.40, a PEG ratio of 4.16 and a beta of 0.97. The stock’s fifty day moving average is $456.91 and its 200 day moving average is $412.07. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82. 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 released its 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. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.26 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were given a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.79%. Motorola Solutions’s dividend payout ratio is currently 42.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSI. Jefferies Financial Group lifted their target price 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 upped their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Evercore ISI increased their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays upped their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $493.43.

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.