Leavell Investment Management Inc. Has $644,000 Stake in Motorola Solutions, Inc. (NYSE:MSI)

Leavell Investment Management Inc. lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 21.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,429 shares of the communications equipment provider’s stock after purchasing an additional 254 shares during the period. Leavell Investment Management Inc.’s holdings in Motorola Solutions were worth $644,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MSI. Fiera Capital Corp boosted its position in Motorola Solutions by 8.4% in the 3rd quarter. Fiera Capital Corp now owns 31,070 shares of the communications equipment provider’s stock valued at $13,970,000 after buying an additional 2,396 shares during the last quarter. Summit Global Investments increased its position in Motorola Solutions by 115.5% in the third quarter. Summit Global Investments now owns 22,715 shares of the communications equipment provider’s stock worth $10,213,000 after purchasing an additional 12,173 shares during the period. Consolidated Planning Corp lifted its position in Motorola Solutions by 10.9% during the 3rd quarter. Consolidated Planning Corp now owns 20,974 shares of the communications equipment provider’s stock valued at $9,431,000 after purchasing an additional 2,057 shares during the period. Washington Trust Bank boosted its stake in shares of Motorola Solutions by 9.9% in the 3rd quarter. Washington Trust Bank now owns 712 shares of the communications equipment provider’s stock valued at $320,000 after purchasing an additional 64 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Motorola Solutions by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider’s stock worth $98,791,000 after buying an additional 10,096 shares during the period. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the topic of several analyst reports. Evercore ISI increased their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Barclays increased their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America increased their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Stock Performance

Shares of MSI opened at $504.60 on Monday. The firm has a market cap of $84.19 billion, a P/E ratio of 55.27, a PEG ratio of 4.24 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $305.73 and a twelve month high of $506.72. The firm’s 50 day moving average price is $454.67 and its two-hundred day moving average price is $409.51. 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 posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. On average, analysts forecast that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal 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 given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 42.94%.

Motorola Solutions Company 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.