First Commonwealth Financial Corp PA Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

First Commonwealth Financial Corp PA lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,025 shares of the communications equipment provider’s stock after purchasing an additional 38 shares during the period. First Commonwealth Financial Corp PA’s holdings in Motorola Solutions were worth $1,360,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MSI. Raymond James & Associates grew its stake in shares of Motorola Solutions by 3.7% during the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after purchasing an additional 82,044 shares in the last quarter. Legal & General Group Plc boosted its stake in Motorola Solutions by 7.7% in 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 acquiring an additional 110,072 shares in the last quarter. Swedbank AB grew its stake in Motorola Solutions by 215.7% during the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after buying an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after acquiring an additional 4,984 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MSI shares. Jefferies Financial Group upped their target price 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. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday. 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 report on Friday, November 8th. Finally, Barclays increased their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $506.29.

Motorola Solutions Trading Up 0.9 %

MSI traded up $4.64 on Wednesday, reaching $501.22. 41,005 shares of the company’s stock were exchanged, compared to its average volume of 672,767. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The company’s 50 day moving average is $467.86 and its 200-day moving average is $422.13. The company has a market cap of $83.76 billion, a price-to-earnings ratio of 54.39, a PEG ratio of 3.88 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Equities analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

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.