74,335 Shares in Motorola Solutions, Inc. (NYSE:MSI) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 74,335 shares of the communications equipment provider’s stock, valued at approximately $33,423,000. Motorola Solutions makes up 1.7% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of Motorola Solutions by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 181,023 shares of the communications equipment provider’s stock valued at $85,610,000 after acquiring an additional 104,379 shares during the period. Synovus Financial Corp lifted its position in Motorola Solutions by 31.7% during the 3rd quarter. Synovus Financial Corp now owns 6,388 shares of the communications equipment provider’s stock worth $2,872,000 after acquiring an additional 1,539 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Motorola Solutions during the 3rd quarter valued at about $2,361,000. Arvest Bank Trust Division acquired a new position in shares of Motorola Solutions in the third quarter valued at about $6,831,000. Finally, World Investment Advisors LLC raised its stake in shares of Motorola Solutions by 5,403.9% in the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock worth $16,061,000 after purchasing an additional 35,071 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSI. Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Raymond James raised their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI increased their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $506.29.

Motorola Solutions Stock Down 1.8 %

MSI stock opened at $469.52 on Friday. Motorola Solutions, Inc. has a one year low of $307.09 and a one year 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. The firm’s fifty day moving average is $478.34 and its 200 day moving average is $431.73. The firm has a market cap of $78.47 billion, a PE ratio of 51.43, a P/E/G ratio of 3.77 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. On average, research analysts forecast that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $1.09 dividend. 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 0.93%. Motorola Solutions’s payout ratio is 42.94%.

About Motorola Solutions

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.