King Luther Capital Management Corp Acquires 29 Shares of Motorola Solutions, Inc. (NYSE:MSI)

King Luther Capital Management Corp lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 988 shares of the communications equipment provider’s stock after buying an additional 29 shares during the period. King Luther Capital Management Corp’s holdings in Motorola Solutions were worth $444,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC boosted its holdings in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC grew its position in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions during the 3rd quarter valued at $31,000. Finally, Planning Capital Management Corp bought a new position in shares of Motorola Solutions during the 3rd quarter valued at $32,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

MSI opened at $500.90 on Friday. The company has a 50 day simple moving average of $465.80 and a two-hundred day simple moving average of $419.86. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The firm has a market cap of $83.71 billion, a P/E ratio of 54.86, a PEG ratio of 4.06 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Equities analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MSI. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. 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 increased their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays boosted their target price 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. Finally, Raymond James increased their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $493.43.

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.