Summit Trail Advisors LLC Raises Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Summit Trail Advisors LLC boosted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 62.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,577 shares of the communications equipment provider’s stock after purchasing an additional 990 shares during the period. Summit Trail Advisors LLC’s holdings in Motorola Solutions were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Motorola Solutions by 59,189.5% during the 3rd 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 during the period. Swedbank AB grew its position in Motorola Solutions by 215.7% during the second 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 holdings in Motorola Solutions by 38,505.0% during the second 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 during the last quarter. Mizuho Securities USA LLC raised its position in Motorola Solutions by 4,447.9% in the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock worth $262,989,000 after acquiring an additional 572,040 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of 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 acquiring an additional 406,638 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Raymond James raised their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $493.43.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $500.90 on Monday. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The firm’s fifty day moving average is $465.80 and its 200 day moving average is $420.28. The company has a market cap of $83.71 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 4.11 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced 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 analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.87%. Motorola Solutions’s payout ratio is 42.94%.

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.