Motorola Solutions, Inc. $MSI Shares Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 30.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,677 shares of the communications equipment provider’s stock after acquiring an additional 8,998 shares during the quarter. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $17,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MSI. Valeo Financial Advisors LLC boosted its stake in shares of Motorola Solutions by 2.3% during the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after acquiring an additional 21 shares during the last quarter. Advisors Capital Management LLC raised its holdings in Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after buying an additional 24 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Motorola Solutions by 0.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after acquiring an additional 24 shares in the last quarter. IFC Advisors LLC lifted its stake in shares of Motorola Solutions by 0.6% during the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after purchasing an additional 25 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in Motorola Solutions by 3.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock worth $295,000 after acquiring an additional 25 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MSI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 22nd. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, Barclays cut their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.00.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $376.98 on Monday. 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, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The business has a fifty day simple moving average of $388.59 and a 200-day simple moving average of $425.44. The stock has a market cap of $62.79 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 3.00 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results 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. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. Motorola Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.74 earnings per share. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders 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. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Motorola Solutions Profile

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.