Peapack Gladstone Financial Corp Cuts Stake in Motorola Solutions, Inc. (NYSE:MSI)

Peapack Gladstone Financial Corp cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569 shares of the communications equipment provider’s stock after selling 44 shares during the period. Peapack Gladstone Financial Corp’s holdings in Motorola Solutions were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSI. Synovus Financial Corp lifted its holdings in shares of Motorola Solutions by 31.7% in the third quarter. Synovus Financial Corp now owns 6,388 shares of the communications equipment provider’s stock worth $2,872,000 after buying an additional 1,539 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Motorola Solutions in the 3rd quarter worth $2,361,000. Arvest Bank Trust Division bought a new position in shares of Motorola Solutions during the 3rd quarter valued at about $6,831,000. World Investment Advisors LLC grew its position in shares of Motorola Solutions by 5,403.9% during the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after purchasing an additional 35,071 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Motorola Solutions by 75.6% in the third quarter. Sanctuary Advisors LLC now owns 22,841 shares of the communications equipment provider’s stock worth $10,270,000 after purchasing an additional 9,834 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $467.26 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The company has a market capitalization of $78.09 billion, a price-to-earnings ratio of 51.18, a PEG ratio of 3.77 and a beta of 0.99. The firm’s 50-day moving average is $479.09 and its 200 day moving average is $434.26.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results 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. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Research analysts predict that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued 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 dividend 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.