Munro Partners Buys New Stake in Motorola Solutions, Inc. $MSI

Munro Partners purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the second quarter, Holdings Channel.com reports. The firm purchased 155,475 shares of the communications equipment provider’s stock, valued at approximately $65,371,000. Motorola Solutions makes up about 2.0% of Munro Partners’ investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after acquiring an additional 384,479 shares in the last quarter. 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 purchasing an additional 101,408 shares during the last quarter. Geode Capital Management LLC raised its holdings in Motorola Solutions by 1.2% during the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Motorola Solutions by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock worth $1,430,295,000 after buying an additional 27,206 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Motorola Solutions by 1.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,921,004 shares of the communications equipment provider’s stock valued at $1,278,845,000 after buying an additional 47,368 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Weiss Ratings downgraded Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 8th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Finally, Evercore ISI boosted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and an average price target of $495.00.

Motorola Solutions Stock Performance

NYSE MSI opened at $364.46 on Friday. The firm has a market cap of $60.70 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.91 and a beta of 0.99. Motorola Solutions, Inc. has a 52-week low of $363.37 and a 52-week high of $492.22. The business’s 50-day moving average price is $404.63 and its 200 day moving average price is $428.44. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping 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 company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $3.74 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

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

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.