Rothschild Investment Corp IL acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,426 shares of the communications equipment provider’s stock, valued at approximately $230,000.
Several other institutional investors and hedge funds also recently modified their holdings of MSI. Prestige Wealth Management Group LLC acquired a new stake in Motorola Solutions in the second quarter worth about $43,000. Rational Advisors LLC grew its stake in Motorola Solutions by 74.3% during the 3rd quarter. Rational Advisors LLC now owns 265 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 113 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Motorola Solutions by 254.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 340 shares of the communications equipment provider’s stock valued at $58,000 after purchasing an additional 244 shares during the period. Bartlett & Co. LLC lifted its position in shares of Motorola Solutions by 405.4% in the third quarter. Bartlett & Co. LLC now owns 470 shares of the communications equipment provider’s stock worth $80,000 after purchasing an additional 377 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC acquired a new position in Motorola Solutions in the 3rd quarter valued at approximately $81,000. Institutional investors own 86.87% of the company’s stock.
A number of equities research analysts have issued reports on MSI shares. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group restated a “buy” rating and issued a $178.00 target price on shares of Motorola Solutions in a research note on Tuesday. MKM Partners dropped their target price on Motorola Solutions from $170.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating and set a $169.00 price target for the company in a research note on Monday, December 23rd. Finally, Deutsche Bank lifted their price target on Motorola Solutions from $180.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $179.88.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.09. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Motorola Solutions had a net margin of 13.50% and a negative return on equity of 114.01%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. On average, research analysts predict that Motorola Solutions Inc will post 7.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, December 12th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.57. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.48%.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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