Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Empirical Finance LLC

Empirical Finance LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,746 shares of the communications equipment provider’s stock after buying an additional 121 shares during the quarter. Empirical Finance LLC’s holdings in Motorola Solutions were worth $2,584,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after acquiring an additional 965,972 shares during the period. Swedbank AB lifted its stake in shares of Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the period. Wulff Hansen & CO. boosted its holdings in Motorola Solutions by 38,505.0% during the second quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock worth $268,858,000 after buying an additional 694,630 shares in the last quarter. National Bank of Canada FI grew its position in Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares during the period. Finally, Janus Henderson Group PLC grew its position in Motorola Solutions by 1,477.3% during the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock worth $127,149,000 after buying an additional 335,496 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America lifted their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Price Performance

NYSE:MSI opened at $489.00 on Friday. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The firm has a market cap of $81.72 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97. The company’s 50-day moving average is $460.37 and its two-hundred day moving average is $414.21. 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 announced its quarterly earnings data 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 net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Research analysts expect that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $1.09 dividend. 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 payout ratio 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.