Dearborn Partners LLC Buys 1,374 Shares of Motorola Solutions, Inc. $MSI

Dearborn Partners LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 65,037 shares of the communications equipment provider’s stock after acquiring an additional 1,374 shares during the quarter. Dearborn Partners LLC’s holdings in Motorola Solutions were worth $27,346,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MSI. NewEdge Advisors LLC grew its stake in Motorola Solutions by 0.4% during the second quarter. NewEdge Advisors LLC now owns 30,079 shares of the communications equipment provider’s stock worth $12,647,000 after buying an additional 122 shares in the last quarter. BCS Private Wealth Management Inc. bought a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $217,000. Qube Research & Technologies Ltd boosted its position in shares of Motorola Solutions by 54.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock worth $502,784,000 after acquiring an additional 422,039 shares in the last quarter. Lombard Odier Asset Management USA Corp boosted its position in shares of Motorola Solutions by 11.6% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 5,812 shares of the communications equipment provider’s stock worth $2,444,000 after acquiring an additional 603 shares in the last quarter. Finally, State Street Corp increased its stake in Motorola Solutions by 1.3% in the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after acquiring an additional 101,408 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. Barclays cut their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings downgraded Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Evercore ISI lifted their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Piper Sandler reissued a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $495.00.

Motorola Solutions Price Performance

Shares of MSI opened at $370.81 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The stock has a market cap of $61.76 billion, a PE ratio of 29.76, a PEG ratio of 2.96 and a beta of 0.99. Motorola Solutions, Inc. has a 12-month low of $365.40 and a 12-month high of $492.22. The business has a 50-day simple moving average of $408.01 and a two-hundred day simple moving average of $429.18.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm posted $3.74 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a $1.21 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.3%. Motorola Solutions’s dividend payout ratio is currently 34.99%.

Insider Activity

In other news, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the transaction, the chief executive officer owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.44% of the company’s stock.

Motorola Solutions 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.