Commerzbank Aktiengesellschaft FI Buys 267 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Commerzbank Aktiengesellschaft FI grew its stake in Motorola Solutions, Inc. (NYSE:MSI) by 48.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 820 shares of the communications equipment provider’s stock after acquiring an additional 267 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Motorola Solutions were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Meadow Creek Wealth Advisors LLC raised its holdings in Motorola Solutions by 2.3% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 2,306 shares of the communications equipment provider’s stock worth $1,037,000 after purchasing an additional 52 shares in the last quarter. Accordant Advisory Group Inc grew its position in shares of Motorola Solutions by 52.5% in the 3rd quarter. Accordant Advisory Group Inc now owns 122 shares of the communications equipment provider’s stock worth $55,000 after buying an additional 42 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $201,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Motorola Solutions during the third quarter valued at approximately $1,799,000. Finally, Eastern Bank boosted its stake in Motorola Solutions by 54.4% in the third quarter. Eastern Bank now owns 1,496 shares of the communications equipment provider’s stock valued at $673,000 after acquiring an additional 527 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSI. Barclays increased their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday. 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 report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $479.50.

Insider Activity

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 transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $465.38 on Friday. Motorola Solutions, Inc. has a twelve month low of $271.73 and a twelve month high of $480.28. 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 company has a market cap of $77.63 billion, a PE ratio of 57.53, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company’s 50 day moving average is $446.40 and its 200 day moving average is $399.51.

Motorola Solutions (NYSE:MSI) last released 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. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm earned $2.41 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.84%. Motorola Solutions’s payout ratio is currently 48.45%.

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.