First Horizon Advisors Inc. Raises Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

First Horizon Advisors Inc. grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 25.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 398 shares of the communications equipment provider’s stock after buying an additional 80 shares during the period. First Horizon Advisors Inc.’s holdings in Motorola Solutions were worth $179,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in Motorola Solutions by 10.8% during the third quarter. Advisors Asset Management Inc. now owns 29,260 shares of the communications equipment provider’s stock valued at $13,156,000 after purchasing an additional 2,848 shares in the last quarter. Second Half Financial Partners LLC purchased a new position in shares of Motorola Solutions during the 3rd quarter valued at $273,000. PNC Financial Services Group Inc. boosted its holdings in Motorola Solutions by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 424,127 shares of the communications equipment provider’s stock worth $190,700,000 after buying an additional 4,745 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Motorola Solutions in the 3rd quarter worth $6,034,000. Finally, Banque Cantonale Vaudoise raised its holdings in Motorola Solutions by 452.0% during the third quarter. Banque Cantonale Vaudoise now owns 8,992 shares of the communications equipment provider’s stock valued at $4,043,000 after acquiring an additional 7,363 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Motorola Solutions Price Performance

Motorola Solutions stock opened at $500.90 on Friday. 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 $83.71 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 4.06 and a beta of 0.97. The firm’s fifty day moving average is $465.80 and its 200 day moving average is $419.86. 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 announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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 given a dividend of $1.09 per share. The ex-dividend date is Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.87%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is currently 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.