Fifth Third Wealth Advisors LLC Acquires 553 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Fifth Third Wealth Advisors LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 34.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,162 shares of the communications equipment provider’s stock after buying an additional 553 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Motorola Solutions were worth $972,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Versor Investments LP purchased a new position in Motorola Solutions in the third quarter valued at about $449,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of 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 worth $138,210,000 after purchasing an additional 88,603 shares during the period. Magnolia Capital Advisors LLC purchased a new position in Motorola Solutions in the second quarter valued at approximately $19,694,000. Los Angeles Capital Management LLC grew its holdings in Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after purchasing an additional 32,157 shares during the period. Finally, Heritage Wealth Management Inc. purchased a new stake in Motorola Solutions in the second quarter worth $790,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $487.46 on Wednesday. The firm’s 50 day simple moving average is $462.39 and its 200 day simple moving average is $417.32. 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, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The firm has a market capitalization of $81.46 billion, a PE ratio of 53.39, a price-to-earnings-growth ratio of 4.02 and a beta of 0.97.

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

Motorola Solutions Increases Dividend

The business also recently disclosed 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. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio is 42.94%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of recent research reports. Barclays increased 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. 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. JPMorgan Chase & Co. upped their price target 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Evercore ISI boosted their target price 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $493.43.

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.