Bank of New York Mellon Corp Has $482.82 Million Stake in Motorola Solutions, Inc. $MSI

Bank of New York Mellon Corp lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,055,819 shares of the communications equipment provider’s stock after selling 25,041 shares during the period. Bank of New York Mellon Corp’s holdings in Motorola Solutions were worth $482,815,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $872,307,000. Marshall Wace LLP acquired a new position in shares of Motorola Solutions during the 2nd quarter worth about $230,743,000. Voya Investment Management LLC boosted its stake in Motorola Solutions by 116.5% during the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after acquiring an additional 452,822 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Motorola Solutions by 54.5% in the second quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock worth $502,784,000 after purchasing an additional 422,039 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after buying an additional 384,479 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE:MSI opened at $405.07 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The stock has a 50 day simple moving average of $380.06 and a 200 day simple moving average of $421.30. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The stock has a market cap of $67.46 billion, a P/E ratio of 32.51, a PEG ratio of 3.03 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, beating 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 company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $3.74 earnings per share. Motorola Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, December 15th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Analyst Ratings Changes

MSI has been the subject of a number of research reports. Barclays lowered their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Northcoast Research raised 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. Finally, Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $491.86.

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.