Rockefeller Capital Management L.P. acquired a new position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,724 shares of the communications equipment provider's stock, valued at approximately $6,169,000.
Several other large investors have also added to or reduced their stakes in the business. Fidelis Capital Partners LLC boosted its stake in shares of Motorola Solutions by 1.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider's stock worth $1,038,000 after buying an additional 22 shares during the last quarter. Omnia Family Wealth LLC raised its holdings in Motorola Solutions by 2.2% during the third quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider's stock worth $527,000 after acquiring an additional 25 shares in the last quarter. Harbour Investments Inc. boosted its position in Motorola Solutions by 2.1% during the third quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider's stock valued at $578,000 after purchasing an additional 26 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in Motorola Solutions by 0.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider's stock valued at $1,343,000 after purchasing an additional 26 shares in the last quarter. Finally, Hancock Whitney Corp increased its position in shares of Motorola Solutions by 0.4% during the 3rd quarter. Hancock Whitney Corp now owns 5,812 shares of the communications equipment provider's stock worth $2,613,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.
Several equities research analysts have recently commented on the company. Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Barclays boosted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Bank of America raised their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Raymond James boosted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $506.29.
Check Out Our Latest Analysis on MSI
Shares of NYSE MSI opened at $497.83 on Wednesday. The firm has a market cap of $83.20 billion, a P/E ratio of 54.53, a price-to-earnings-growth ratio of 3.92 and a beta of 0.99. The business's 50 day moving average is $473.47 and its 200-day moving average is $426.90. 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 1-year low of $307.09 and a 1-year high of $507.82.
Motorola Solutions (NYSE:MSI - Get Free Report) last posted 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 firm had revenue of $2.79 billion for 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%. Equities research analysts predict that Motorola Solutions, Inc. will post 12.54 earnings per share for the current year.
The firm 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 $1.09 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.88%. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's payout ratio is currently 42.94%.
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.
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