Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 49.9% during the third quarter, Holdings Channel reports. The firm owned 4,724 shares of the communications equipment provider’s stock after buying an additional 1,573 shares during the period. Townsquare Capital LLC’s holdings in Motorola Solutions were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions in the second quarter worth $25,000. Beacon Capital Management LLC grew its position in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC lifted its position in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in Motorola Solutions in the 2nd quarter valued at about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Motorola Solutions during the 3rd quarter valued at about $31,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Barclays lifted their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America increased their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, 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. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $506.29.

Motorola Solutions Trading Down 0.2 %

Shares of NYSE:MSI opened at $499.70 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a market capitalization of $83.51 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 3.97 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The company has a 50 day moving average price of $471.53 and a 200 day moving average price of $424.65.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates 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 anticipate that Motorola Solutions, Inc. will post 12.48 EPS 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. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is presently 47.75%.

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.