Motorola Solutions, Inc. $MSI Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,902 shares of the communications equipment provider’s stock after selling 1,938 shares during the quarter. Motorola Solutions makes up 0.7% of Moran Wealth Management LLC’s holdings, making the stock its 28th biggest position. Moran Wealth Management LLC’s holdings in Motorola Solutions were worth $24,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at about $208,000. Integrated Wealth Concepts LLC boosted its position in Motorola Solutions by 28.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,631 shares of the communications equipment provider’s stock worth $1,152,000 after purchasing an additional 589 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Motorola Solutions in the first quarter valued at approximately $506,000. Ascent Group LLC increased its position in shares of Motorola Solutions by 83.3% in the first quarter. Ascent Group LLC now owns 2,979 shares of the communications equipment provider’s stock valued at $1,304,000 after buying an additional 1,354 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of Motorola Solutions in the first quarter valued at approximately $312,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSI. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Barclays decreased their price objective 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, Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $465.00 to $443.00 in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Trading Down 0.9%

Shares of MSI stock opened at $377.48 on Thursday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The stock’s fifty day moving average is $378.71 and its two-hundred day moving average is $423.88. The firm has a market capitalization of $62.87 billion, a P/E ratio of 30.29, a PEG ratio of 2.85 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its 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. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.74 earnings per share. Research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share 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. Stockholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is presently 38.84%.

About Motorola Solutions

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.