Charles Schwab Investment Management Inc. Buys 8,651 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Charles Schwab Investment Management Inc. increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 900,171 shares of the communications equipment provider’s stock after purchasing an additional 8,651 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.54% of Motorola Solutions worth $404,744,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MSI. Pacer Advisors Inc. boosted its stake in shares of Motorola Solutions by 15.8% in the 3rd quarter. Pacer Advisors Inc. now owns 25,118 shares of the communications equipment provider’s stock worth $11,294,000 after buying an additional 3,430 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $223,000. Trustmark National Bank Trust Department increased its holdings in Motorola Solutions by 2.4% during the third quarter. Trustmark National Bank Trust Department now owns 4,812 shares of the communications equipment provider’s stock valued at $2,164,000 after buying an additional 112 shares during the last quarter. King Luther Capital Management Corp lifted its position in Motorola Solutions by 3.0% during the third quarter. King Luther Capital Management Corp now owns 988 shares of the communications equipment provider’s stock valued at $444,000 after purchasing an additional 29 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Motorola Solutions by 24.2% during the third quarter. Citizens Financial Group Inc. RI now owns 7,591 shares of the communications equipment provider’s stock valued at $3,420,000 after purchasing an additional 1,479 shares in the last quarter. 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. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James increased their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions Trading Up 0.5 %

Shares of NYSE:MSI opened at $494.82 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $82.69 billion, a PE ratio of 54.20, a P/E/G ratio of 4.00 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The business’s fifty day simple moving average is $464.62 and its 200-day simple moving average is $418.38.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. As a group, equities research analysts predict 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 is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 42.94%.

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.