Frank Rimerman Advisors LLC Acquires 62 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Frank Rimerman Advisors LLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,894 shares of the communications equipment provider’s stock after buying an additional 62 shares during the period. Frank Rimerman Advisors LLC’s holdings in Motorola Solutions were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSI. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Motorola Solutions by 32.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after purchasing an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $19,694,000. State Board of Administration of Florida Retirement System increased its stake in Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after acquiring an additional 15,488 shares during the last quarter. First Foundation Advisors lifted its stake in Motorola Solutions by 37.7% during the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 97 shares during the last quarter. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at $790,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $462.32 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The firm’s 50 day moving average is $448.08 and its 200 day moving average is $401.45. The stock has a market capitalization of $77.11 billion, a P/E ratio of 57.15, a PEG ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $271.73 and a 12 month high of $480.28.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.41 EPS. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.85%. Motorola Solutions’s payout ratio is 48.45%.

Analyst Ratings Changes

MSI has been the subject of a number of research reports. Barclays increased their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Bank of America increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $479.50.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

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.