Thrivent Financial for Lutherans Grows Stock Position in Motorola Solutions, Inc. $MSI

Thrivent Financial for Lutherans increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,072 shares of the communications equipment provider’s stock after buying an additional 2,479 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Motorola Solutions were worth $29,042,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the fourth quarter worth approximately $208,000. EverSource Wealth Advisors LLC increased its stake in shares of Motorola Solutions by 22.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,284 shares of the communications equipment provider’s stock worth $562,000 after purchasing an additional 232 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Motorola Solutions by 6.4% in the 1st quarter. Cresset Asset Management LLC now owns 11,493 shares of the communications equipment provider’s stock worth $5,044,000 after purchasing an additional 695 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in Motorola Solutions by 74.6% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 5,112 shares of the communications equipment provider’s stock worth $2,237,000 after purchasing an additional 2,184 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in Motorola Solutions by 7.6% during the first quarter. Freestone Capital Holdings LLC now owns 1,945 shares of the communications equipment provider’s stock valued at $852,000 after purchasing an additional 137 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

NYSE:MSI opened at $364.77 on Tuesday. The stock has a 50-day moving average price of $402.79 and a 200 day moving average price of $428.12. The stock has a market capitalization of $60.75 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.91 and a beta of 1.00. Motorola Solutions, Inc. has a 12-month low of $361.32 and a 12-month high of $492.22. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS 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 for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm earned $3.74 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on MSI shares. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Monday, December 1st. 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. Piper Sandler reissued a “neutral” rating and issued a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Barclays lowered their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $495.00.

Motorola Solutions Company 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.