PNC Financial Services Group Inc. Acquires 51,375 Shares of Motorola Solutions, Inc. $MSI

PNC Financial Services Group Inc. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 479,432 shares of the communications equipment provider’s stock after purchasing an additional 51,375 shares during the period. PNC Financial Services Group Inc.’s holdings in Motorola Solutions were worth $219,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions during the third quarter worth approximately $25,000. United Community Bank grew its stake in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares during the last quarter. Whipplewood Advisors LLC increased its position in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in Motorola Solutions during the 3rd quarter valued at $33,000. Finally, Field & Main Bank bought a new stake in Motorola Solutions in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Morgan Stanley restated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday. Finally, Barclays raised their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $497.14.

Check Out Our Latest Stock Analysis on MSI

Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

Motorola Solutions Trading Up 1.9%

Shares of MSI opened at $462.19 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 3.47. The stock has a market cap of $76.98 billion, a PE ratio of 36.22, a PEG ratio of 3.45 and a beta of 1.00. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The stock has a 50 day simple moving average of $392.04 and a 200-day simple moving average of $421.24.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.04 earnings per share. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

About Motorola Solutions

(Free Report)

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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