Cumberland Partners Ltd Buys 4,835 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Cumberland Partners Ltd raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 26.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,945 shares of the communications equipment provider’s stock after purchasing an additional 4,835 shares during the quarter. Cumberland Partners Ltd’s holdings in Motorola Solutions were worth $10,317,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Aigen Investment Management LP bought a new position in shares of Motorola Solutions during the 3rd quarter worth about $3,836,000. Prime Capital Investment Advisors LLC increased its holdings in shares of Motorola Solutions by 9.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,168 shares of the communications equipment provider’s stock worth $525,000 after purchasing an additional 105 shares during the period. Savvy Advisors Inc. increased its holdings in shares of Motorola Solutions by 36.5% during the 3rd quarter. Savvy Advisors Inc. now owns 845 shares of the communications equipment provider’s stock worth $380,000 after purchasing an additional 226 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Motorola Solutions by 2,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 182 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 175 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Motorola Solutions by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 419,506 shares of the communications equipment provider’s stock worth $188,622,000 after purchasing an additional 6,752 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MSI shares. Raymond James lifted their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group lifted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI lifted their target price 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 lifted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions Price Performance

NYSE:MSI traded up $0.87 on Tuesday, reaching $497.83. The stock had a trading volume of 47,099 shares, compared to its average volume of 666,640. The company has a market capitalization of $83.06 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 4.24 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. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a fifty day moving average price of $455.77 and a 200-day moving average price of $411.01.

Motorola Solutions (NYSE:MSI) last announced its earnings results 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 net margin of 14.65% and a return on equity of 310.04%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Research analysts forecast that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.79%. Motorola Solutions’s payout ratio is 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.