Hardy Reed LLC Purchases Shares of 589 Motorola Solutions, Inc. (NYSE:MSI)

Hardy Reed LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 589 shares of the communications equipment provider’s stock, valued at approximately $265,000.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake 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 purchasing an additional 965,972 shares in the last quarter. Swedbank AB grew its stake in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after buying an additional 699,615 shares during the period. Wulff Hansen & CO. increased its position in Motorola Solutions by 38,505.0% in the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after buying an additional 694,630 shares in the last quarter. Mizuho Securities USA LLC increased its position in Motorola Solutions by 4,447.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after buying an additional 572,040 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in Motorola Solutions by 428.2% during the 2nd 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. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MSI. JPMorgan Chase & Co. raised 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. Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays raised their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Evercore ISI lifted their price objective 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. Finally, Raymond James upped their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $506.29.

Motorola Solutions Price Performance

MSI opened at $496.56 on Wednesday. Motorola Solutions, Inc. has a fifty-two week low of $307.09 and a fifty-two week high of $507.82. The firm has a 50-day moving average of $467.86 and a 200 day moving average of $422.13. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The firm has a market cap of $82.99 billion, a P/E ratio of 54.39, a PEG ratio of 3.88 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its earnings results 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. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, research analysts expect that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.88%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is 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.