Brooklyn Investment Group Buys 59 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Brooklyn Investment Group increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 7.8% during the third quarter, Holdings Channel.com reports. The firm owned 819 shares of the communications equipment provider’s stock after purchasing an additional 59 shares during the quarter. Brooklyn Investment Group’s holdings in Motorola Solutions were worth $368,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MSI. Ancora Advisors LLC raised its holdings in Motorola Solutions by 0.5% in the 1st quarter. Ancora Advisors LLC now owns 6,771 shares of the communications equipment provider’s stock worth $2,404,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Motorola Solutions by 39.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,873 shares of the communications equipment provider’s stock valued at $1,375,000 after acquiring an additional 1,105 shares during the period. Tidal Investments LLC raised its holdings in Motorola Solutions by 42.2% during the first quarter. Tidal Investments LLC now owns 15,764 shares of the communications equipment provider’s stock valued at $5,595,000 after acquiring an additional 4,682 shares during the period. iA Global Asset Management Inc. raised its holdings in Motorola Solutions by 301.9% during the first quarter. iA Global Asset Management Inc. now owns 4,706 shares of the communications equipment provider’s stock valued at $1,671,000 after acquiring an additional 3,535 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in Motorola Solutions by 52.2% during the first quarter. Citizens Financial Group Inc. RI now owns 1,746 shares of the communications equipment provider’s stock valued at $620,000 after acquiring an additional 599 shares during the period. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on MSI shares. Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $506.29.

Motorola Solutions Trading Up 1.7 %

MSI opened at $496.56 on Wednesday. The firm has a market cap of $82.99 billion, a P/E ratio of 54.39, a P/E/G ratio of 3.88 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The stock has a 50-day moving average of $467.86 and a 200 day moving average of $422.13.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.88%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 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.