MCF Advisors LLC Buys 40 Shares of Motorola Solutions, Inc. (NYSE:MSI)

MCF Advisors LLC grew its stake in Motorola Solutions, Inc. (NYSE:MSI) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 581 shares of the communications equipment provider’s stock after buying an additional 40 shares during the period. MCF Advisors LLC’s holdings in Motorola Solutions were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MSI. Skandinaviska Enskilda Banken AB publ raised its holdings in Motorola Solutions by 32.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after acquiring an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Motorola Solutions in the second quarter valued at $19,694,000. State Board of Administration of Florida Retirement System lifted its position in Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares during the period. First Foundation Advisors boosted its stake in Motorola Solutions by 37.7% during the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after buying an additional 97 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in Motorola Solutions in the 2nd quarter valued at $790,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Motorola Solutions stock traded down $3.06 on Friday, reaching $462.32. The company’s stock had a trading volume of 335,728 shares, compared to its average volume of 662,372. The business’s fifty day moving average price is $448.08 and its 200 day moving average price is $400.74. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The company has a market cap of $77.13 billion, a price-to-earnings ratio of 54.14, a PEG ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $271.73 and a twelve month high of $480.28.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 45.90%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSI shares. Evercore ISI raised their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Jefferies Financial Group upped their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. 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. Barclays upped their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $479.50.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Company 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.