Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Thematics Asset Management

Thematics Asset Management grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,000 shares of the communications equipment provider’s stock after buying an additional 1,000 shares during the period. Motorola Solutions accounts for approximately 1.2% of Thematics Asset Management’s investment portfolio, making the stock its 23rd largest position. Thematics Asset Management’s holdings in Motorola Solutions were worth $30,125,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MSI. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at approximately $25,000. Beacon Capital Management LLC lifted its stake in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC boosted its holdings in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Triad Wealth Partners LLC acquired a new position in Motorola Solutions in the 2nd quarter valued at about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions during the third quarter worth about $31,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MSI. Bank of America boosted their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective 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. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Price Performance

Motorola Solutions stock traded up $5.15 during mid-day trading on Tuesday, hitting $493.52. 157,425 shares of the company were exchanged, compared to its average volume of 673,492. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The business’s 50 day simple moving average is $466.71 and its two-hundred day simple moving average is $421.19. The company has a market capitalization of $82.48 billion, a P/E ratio of 53.50, a PEG ratio of 4.11 and a beta of 0.97.

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

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is currently 47.75%.

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.