Brown Brothers Harriman & Co. Buys 85 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Brown Brothers Harriman & Co. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 439 shares of the communications equipment provider’s stock after purchasing an additional 85 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Motorola Solutions were worth $197,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of Motorola Solutions by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider’s stock worth $1,343,000 after buying an additional 26 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new position in shares of Motorola Solutions during the third quarter worth approximately $209,000. Fisher Asset Management LLC lifted its holdings in shares of Motorola Solutions by 44.3% during the third quarter. Fisher Asset Management LLC now owns 2,150 shares of the communications equipment provider’s stock worth $967,000 after buying an additional 660 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Motorola Solutions by 20.4% during the third quarter. Daiwa Securities Group Inc. now owns 38,501 shares of the communications equipment provider’s stock worth $17,311,000 after buying an additional 6,512 shares during the last quarter. Finally, Hartford Funds Management Co LLC lifted its holdings in shares of Motorola Solutions by 4.5% during the third quarter. Hartford Funds Management Co LLC now owns 2,515 shares of the communications equipment provider’s stock worth $1,131,000 after buying an additional 108 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barclays upped their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price 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 upped their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $506.29.

Motorola Solutions Stock Up 0.9 %

Shares of NYSE MSI opened at $501.03 on Thursday. The stock has a market cap of $83.73 billion, a PE ratio of 54.88, a PEG ratio of 3.88 and a beta of 0.97. The business has a fifty day moving average of $469.15 and a two-hundred day moving average of $422.68. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

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

Motorola Solutions Company 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.