New York State Teachers Retirement System Purchases 1,797 Shares of Motorola Solutions, Inc. (NYSE:MSI)

New York State Teachers Retirement System lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 142,441 shares of the communications equipment provider’s stock after acquiring an additional 1,797 shares during the quarter. New York State Teachers Retirement System’s holdings in Motorola Solutions were worth $64,046,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new position in Motorola Solutions during the second quarter valued at about $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the period. LRI Investments LLC grew its position in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Triad Wealth Partners LLC bought a new position in Motorola Solutions during the second quarter valued at about $29,000. Finally, Crewe Advisors LLC bought a new position in Motorola Solutions during the first quarter valued at about $28,000. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MSI shares. Evercore ISI increased their price target 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America increased their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $479.50.

Motorola Solutions Trading Down 1.2 %

Shares of Motorola Solutions stock opened at $452.79 on Thursday. Motorola Solutions, Inc. has a 12-month low of $276.19 and a 12-month high of $480.28. The company has a market cap of $75.53 billion, a price-to-earnings ratio of 55.97, a PEG ratio of 3.96 and a beta of 0.97. 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’s 50-day moving average price is $449.96 and its 200-day moving average price is $403.37.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm 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 posted $2.41 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value 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 sale was disclosed in a document filed with the SEC, which is available 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.