Drive Wealth Management LLC Acquires 31 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Drive Wealth Management LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 809 shares of the communications equipment provider’s stock after purchasing an additional 31 shares during the period. Drive Wealth Management LLC’s holdings in Motorola Solutions were worth $365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. O Shaughnessy Asset Management LLC increased its holdings in Motorola Solutions by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,933 shares of the communications equipment provider’s stock worth $8,496,000 after buying an additional 2,585 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Motorola Solutions during the first quarter valued at approximately $1,055,000. Lake Street Advisors Group LLC lifted its position in Motorola Solutions by 61.1% during the first quarter. Lake Street Advisors Group LLC now owns 1,448 shares of the communications equipment provider’s stock valued at $515,000 after purchasing an additional 549 shares during the period. National Bank of Canada FI boosted its holdings in Motorola Solutions by 97.8% in the first quarter. National Bank of Canada FI now owns 94,963 shares of the communications equipment provider’s stock worth $34,450,000 after purchasing an additional 46,965 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Motorola Solutions by 15.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 163,812 shares of the communications equipment provider’s stock worth $58,157,000 after purchasing an additional 21,757 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

MSI opened at $490.35 on Tuesday. The company has a 50 day simple moving average of $461.40 and a two-hundred day simple moving average of $416.37. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The firm has a market cap of $81.95 billion, a P/E ratio of 53.71, a PEG ratio of 4.02 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Equities analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSI. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Raymond James upped their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America raised their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays upped their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $493.43.

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.