ING Groep NV Increases Position in Motorola Solutions, Inc. (NYSE:MSI)

ING Groep NV grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,713 shares of the communications equipment provider’s stock after purchasing an additional 1,670 shares during the quarter. ING Groep NV’s holdings in Motorola Solutions were worth $17,407,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth approximately $25,000. Beacon Capital Management LLC increased its holdings in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the period. LRI Investments LLC raised its holdings in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Motorola Solutions during the 1st quarter worth approximately $28,000. Finally, Triad Wealth Partners LLC purchased a new position in Motorola Solutions during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent analyst reports. Barclays upped their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America lifted 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, Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $493.43.

Motorola Solutions Trading Down 0.6 %

NYSE:MSI opened at $493.70 on Friday. The business’s 50 day moving average is $458.10 and its two-hundred day moving average is $412.66. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82. The company has a market cap of $82.51 billion, a PE ratio of 54.07, a P/E/G ratio of 4.15 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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. The firm had revenue of $2.79 billion for 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%. On average, analysts predict that Motorola Solutions, Inc. will post 12.26 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. Shareholders of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a 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.