Heritage Wealth Management Inc. Sells 181 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Heritage Wealth Management Inc. lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.9% in the third quarter, HoldingsChannel reports. The firm owned 1,861 shares of the communications equipment provider’s stock after selling 181 shares during the period. Heritage Wealth Management Inc.’s holdings in Motorola Solutions were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MSI. Summit Global Investments raised its stake in shares of Motorola Solutions by 115.5% in the third quarter. Summit Global Investments now owns 22,715 shares of the communications equipment provider’s stock valued at $10,213,000 after acquiring an additional 12,173 shares during the last quarter. Consolidated Planning Corp grew its position in Motorola Solutions by 10.9% during the 3rd quarter. Consolidated Planning Corp now owns 20,974 shares of the communications equipment provider’s stock worth $9,431,000 after acquiring an additional 2,057 shares during the last quarter. Washington Trust Bank raised its position in Motorola Solutions by 9.9% in the 3rd quarter. Washington Trust Bank now owns 712 shares of the communications equipment provider’s stock valued at $320,000 after purchasing an additional 64 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Motorola Solutions by 4.8% in the third quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider’s stock worth $98,791,000 after purchasing an additional 10,096 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Motorola Solutions during the third quarter worth $207,000. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MSI shares. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI upped their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $479.50.

Motorola Solutions Trading Up 4.0 %

MSI traded up $18.69 during mid-day trading on Friday, hitting $488.64. The stock had a trading volume of 82,927 shares, compared to its average volume of 663,771. Motorola Solutions, Inc. has a 1-year low of $305.73 and a 1-year high of $491.95. The firm has a market capitalization of $81.52 billion, a price-to-earnings ratio of 55.04, a price-to-earnings-growth ratio of 3.86 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 stock’s fifty day simple moving average is $452.76 and its 200-day simple moving average is $407.52.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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. This represents a $3.92 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s payout ratio is currently 45.90%.

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.