Strs Ohio Has $17.96 Million Stake in Motorola Solutions, Inc. $MSI

Strs Ohio reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 41.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,278 shares of the communications equipment provider’s stock after selling 27,382 shares during the quarter. Strs Ohio’s holdings in Motorola Solutions were worth $17,961,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Covea Finance increased its holdings in shares of Motorola Solutions by 5.9% during the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after purchasing an additional 6,153 shares during the period. Obermeyer Wealth Partners increased its stake in Motorola Solutions by 261.0% during the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after acquiring an additional 5,837 shares during the period. Machina Capital S.A.S. increased its stake in Motorola Solutions by 345.3% during the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after acquiring an additional 10,816 shares during the period. Whalen Wealth Management Inc. acquired a new position in Motorola Solutions in the 2nd quarter valued at approximately $257,000. Finally, Swedbank AB lifted its position in shares of Motorola Solutions by 20.3% in the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after acquiring an additional 227,062 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.0%

Shares of NYSE MSI opened at $401.60 on Friday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-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 business has a fifty day moving average of $378.22 and a two-hundred day moving average of $421.58. The stock has a market cap of $66.89 billion, a PE ratio of 32.23, a PEG ratio of 3.00 and a beta of 1.00.

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

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSI shares. Barclays lowered their price objective on 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 raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $465.00 to $443.00 in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Finally, Northcoast Research upgraded shares of 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. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $491.86.

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.