Benjamin Edwards Inc. Acquires 2,574 Shares of Motorola Solutions, Inc. $MSI

Benjamin Edwards Inc. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,797 shares of the communications equipment provider’s stock after acquiring an additional 2,574 shares during the quarter. Benjamin Edwards Inc. owned about 0.06% of Motorola Solutions worth $43,352,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Covea Finance increased its position in Motorola Solutions by 5.9% during the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after buying an additional 6,153 shares during the period. Obermeyer Wealth Partners boosted its position in shares of Motorola Solutions by 261.0% in the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after acquiring an additional 5,837 shares during the period. Machina Capital S.A.S. grew its stake in shares of Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after acquiring an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in Motorola Solutions during the second quarter worth about $257,000. Finally, Swedbank AB raised its stake in Motorola Solutions by 20.3% in the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $465.00 to $443.00 in a report on Monday. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Price Performance

Shares of MSI stock opened at $377.48 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a market cap of $62.87 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.85 and a beta of 1.00. The business has a fifty day simple moving average of $378.71 and a 200 day simple moving average of $423.88.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.74 earnings per share. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $1.21 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.