Morse Asset Management Inc Has $699,000 Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Morse Asset Management Inc grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,555 shares of the communications equipment provider’s stock after purchasing an additional 35 shares during the quarter. Morse Asset Management Inc’s holdings in Motorola Solutions were worth $699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versor Investments LP bought a new position in Motorola Solutions in the 3rd quarter worth $449,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after acquiring an additional 88,603 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at about $19,694,000. Los Angeles Capital Management LLC increased its stake in shares of Motorola Solutions by 8.5% in the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after purchasing an additional 32,157 shares during the period. Finally, Icon Wealth Advisors LLC lifted its position in shares of Motorola Solutions by 1,532.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 6,316 shares of the communications equipment provider’s stock worth $2,840,000 after purchasing an additional 5,929 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE:MSI opened at $478.08 on Thursday. The firm has a market capitalization of $79.90 billion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 3.86 and a beta of 0.99. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The firm has a 50-day moving average price of $477.36 and a 200 day moving average price of $431.14.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Research analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.91%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 47.75%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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 report on Friday, August 30th. Jefferies Financial Group increased their price target 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. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays increased their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $506.29.

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.