Creative Planning Has $12.22 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Creative Planning increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,171 shares of the communications equipment provider’s stock after buying an additional 2,324 shares during the quarter. Creative Planning’s holdings in Motorola Solutions were worth $12,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in shares of Motorola Solutions by 3.7% during the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after buying an additional 82,044 shares during the period. Legal & General Group Plc boosted its position in Motorola Solutions by 7.7% during the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after purchasing an additional 110,072 shares during the last quarter. Alphinity Investment Management Pty Ltd boosted its position in Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after purchasing an additional 395,096 shares during the last quarter. Swedbank AB increased its position in Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Motorola Solutions by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after purchasing an additional 4,984 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of research reports. Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays raised their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group upped their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Trading Up 0.4 %

Shares of NYSE:MSI opened at $477.12 on Tuesday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The stock’s 50-day moving average is $444.27 and its 200-day moving average is $398.21. The company has a market cap of $79.58 billion, a P/E ratio of 58.98, a P/E/G ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $271.73 and a 52-week high of $480.28.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the firm posted $2.41 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities research analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current 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 paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.