Austin Private Wealth LLC Sells 124 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Austin Private Wealth LLC reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 19.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 521 shares of the communications equipment provider’s stock after selling 124 shares during the quarter. Austin Private Wealth LLC’s holdings in Motorola Solutions were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MSI. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the 2nd quarter valued at $25,000. Beacon Capital Management LLC grew its stake in shares of 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 during the period. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Crewe Advisors LLC bought a new position in shares of Motorola Solutions during the 1st quarter worth $28,000. Finally, Triad Wealth Partners LLC bought a new position in Motorola Solutions in the 2nd quarter worth about $29,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $461.90 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock’s 50-day moving average is $452.08 and its 200 day moving average is $407.09. The stock has a market cap of $77.06 billion, a price-to-earnings ratio of 54.09, a P/E/G ratio of 3.82 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $298.63 and a 1-year high of $480.28.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.85%. Motorola Solutions’s dividend payout ratio (DPR) is currently 45.90%.

Wall Street Analyst Weigh In

MSI has been the subject of several analyst reports. Evercore ISI raised 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. Barclays lifted their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $479.50.

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.