Kestra Investment Management LLC Grows Position in Motorola Solutions, Inc. (NYSE:MSI)

Kestra Investment Management LLC boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 65.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,895 shares of the communications equipment provider’s stock after acquiring an additional 1,142 shares during the period. Kestra Investment Management LLC’s holdings in Motorola Solutions were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd lifted its position in shares of Motorola Solutions by 67.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 15,906 shares of the communications equipment provider’s stock worth $7,152,000 after purchasing an additional 6,389 shares during the period. FSA Wealth Management LLC bought a new position in Motorola Solutions in the third quarter worth approximately $29,000. Erste Asset Management GmbH purchased a new stake in Motorola Solutions during the third quarter worth $3,571,000. Tradition Wealth Management LLC boosted its position in Motorola Solutions by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider’s stock valued at $294,000 after acquiring an additional 21 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Motorola Solutions by 44.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 406,910 shares of the communications equipment provider’s stock valued at $182,959,000 after acquiring an additional 125,351 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.2 %

Shares of Motorola Solutions stock opened at $499.70 on Friday. The firm’s 50 day simple moving average is $471.53 and its two-hundred day simple moving average is $424.65. The firm has a market capitalization of $83.51 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 3.96 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.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analysts predict that Motorola Solutions, Inc. will post 12.54 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is 42.94%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MSI shares. Jefferies Financial Group raised their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI raised 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. Barclays boosted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America lifted their price target 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $506.29.

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.