Private Advisor Group LLC Has $2.13 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Private Advisor Group LLC trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,727 shares of the communications equipment provider’s stock after selling 1,238 shares during the quarter. Private Advisor Group LLC’s holdings in Motorola Solutions were worth $2,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brookstone Capital Management increased its position in Motorola Solutions by 17.6% in the 1st quarter. Brookstone Capital Management now owns 881 shares of the communications equipment provider’s stock valued at $313,000 after acquiring an additional 132 shares during the period. Aviance Capital Partners LLC acquired a new position in Motorola Solutions in the 1st quarter valued at approximately $204,000. Miracle Mile Advisors LLC increased its position in Motorola Solutions by 72.2% in the 1st quarter. Miracle Mile Advisors LLC now owns 1,290 shares of the communications equipment provider’s stock valued at $458,000 after acquiring an additional 541 shares during the period. Hexagon Capital Partners LLC increased its position in Motorola Solutions by 78.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 37 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Motorola Solutions by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 18,006 shares of the communications equipment provider’s stock valued at $6,391,000 after acquiring an additional 85 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Trading Up 0.2 %

NYSE:MSI opened at $458.23 on Wednesday. The firm has a market cap of $76.43 billion, a P/E ratio of 56.64, a P/E/G ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $272.38 and a 52 week high of $480.28. The firm’s fifty day moving average is $449.42 and its 200-day moving average is $403.02. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 earnings per share. Equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Buying and Selling

In related news, COO John P. Molloy sold 23,985 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

MSI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Barclays upped their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Bank of America upped their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, 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 research note on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $479.50.

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.