Claro Advisors LLC Takes $3.39 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Claro Advisors LLC acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,533 shares of the communications equipment provider’s stock, valued at approximately $3,387,000.

Several other large investors also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions during the second quarter valued at $25,000. Beacon Capital Management LLC boosted its stake 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 buying an additional 28 shares during the period. LRI Investments LLC boosted its stake in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Crewe Advisors LLC bought a new stake in Motorola Solutions during the first quarter valued at $28,000. Finally, Rise Advisors LLC bought a new stake in Motorola Solutions during the first quarter valued at $29,000. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MSI shares. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Barclays lifted their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Bank of America lifted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $466.17.

Motorola Solutions Trading Down 0.5 %

NYSE:MSI traded down $2.39 during mid-day trading on Friday, reaching $475.23. 100,854 shares of the company’s stock traded hands, compared to its average volume of 662,091. Motorola Solutions, Inc. has a 12-month low of $271.73 and a 12-month high of $480.28. The firm has a market capitalization of $79.27 billion, a price-to-earnings ratio of 59.03, a PEG ratio of 4.07 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a 50 day moving average price of $441.69 and a 200-day moving average price of $395.81.

Motorola Solutions (NYSE:MSI) last posted 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 return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business earned $2.41 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company 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. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.82%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insiders Place Their Bets

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

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.