Benjamin Edwards Inc. Grows Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Benjamin Edwards Inc. lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1,916.7% during the third quarter, Holdings Channel reports. The fund owned 73,530 shares of the communications equipment provider’s stock after buying an additional 69,884 shares during the quarter. Benjamin Edwards Inc.’s holdings in Motorola Solutions were worth $33,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Versor Investments LP acquired a new position in shares of Motorola Solutions in the 3rd quarter valued at $449,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Motorola Solutions by 32.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after acquiring an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $19,694,000. Los Angeles Capital Management LLC increased its stake in shares of Motorola Solutions by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after purchasing an additional 32,157 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in Motorola Solutions by 1,532.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 6,316 shares of the communications equipment provider’s stock worth $2,840,000 after purchasing an additional 5,929 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MSI. Jefferies Financial Group boosted 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. Raymond James boosted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Evercore ISI raised their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $506.29.

Motorola Solutions Price Performance

MSI stock opened at $499.70 on Monday. The business’s 50-day moving average is $471.53 and its two-hundred day moving average is $425.07. 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 capitalization of $83.51 billion, a P/E ratio of 54.73, a P/E/G ratio of 3.96 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 quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Analysts anticipate that Motorola Solutions, Inc. will post 12.54 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 paid a dividend of $1.09 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.87%. Motorola Solutions’s payout ratio is presently 42.94%.

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.