Mutual of America Capital Management LLC Cuts Position in Motorola Solutions, Inc. (NYSE:MSI)

Mutual of America Capital Management LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.4% in the third quarter, HoldingsChannel.com reports. The firm owned 21,472 shares of the communications equipment provider’s stock after selling 518 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Motorola Solutions were worth $9,654,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at approximately $25,000. Beacon Capital Management LLC lifted its holdings in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC grew its position in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $31,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Motorola Solutions during the third quarter worth about $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Barclays lifted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Bank of America lifted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Stock Down 1.0 %

Shares of NYSE:MSI opened at $489.00 on Monday. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The stock has a market cap of $81.72 billion, a P/E ratio of 53.56, a PEG ratio of 4.09 and a beta of 0.97. The business has a fifty day moving average of $460.37 and a two-hundred day moving average of $415.28. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) 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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. On average, research analysts expect that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

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

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.