Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MSI. Versor Investments LP bought a new stake in Motorola Solutions in the third quarter worth about $449,000. Skandinaviska Enskilda Banken AB publ raised its position in Motorola Solutions by 32.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after acquiring an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in Motorola Solutions in the second quarter worth about $19,694,000. Los Angeles Capital Management LLC raised its position in Motorola Solutions by 8.5% in the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after acquiring an additional 32,157 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its position in Motorola Solutions by 1,532.0% in the third quarter. Icon Wealth Advisors LLC now owns 6,316 shares of the communications equipment provider’s stock worth $2,840,000 after acquiring an additional 5,929 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MSI has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays boosted 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. Finally, Bank of America lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus target price of $506.29.

Motorola Solutions Trading Up 0.9 %

Shares of NYSE MSI opened at $501.03 on Thursday. The stock has a market cap of $83.73 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 3.88 and a beta of 0.97. The business has a 50 day simple moving average of $469.15 and a 200 day simple 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 announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. The business 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%. On average, research analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share 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. Shareholders of record on Friday, December 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.87%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio 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.