Whittier Trust Co. Has $28.77 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Whittier Trust Co. lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 63,991 shares of the communications equipment provider’s stock after acquiring an additional 2,000 shares during the period. Whittier Trust Co.’s holdings in Motorola Solutions were worth $28,772,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Raymond James & Associates raised its position in Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after acquiring an additional 82,044 shares during the period. Legal & General Group Plc increased its stake in shares of Motorola Solutions by 7.7% in the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after purchasing an additional 110,072 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after acquiring an additional 395,096 shares in the last quarter. Swedbank AB grew its stake in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after acquiring an additional 699,615 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock valued at $383,614,000 after acquiring an additional 4,984 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MSI. Bank of America boosted their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Barclays boosted their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group boosted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $466.17.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Up 0.3 %

NYSE:MSI traded up $1.37 on Monday, reaching $476.57. 293,018 shares of the stock traded hands, compared to its average volume of 662,983. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 4.07 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12 month low of $271.73 and a 12 month high of $480.28. The company’s fifty day simple moving average is $442.98 and its 200 day simple moving average is $397.30.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $2.41 EPS. Equities analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is presently 48.45%.

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.