Mirae Asset Global Investments Co. Ltd. Trims Position in Motorola Solutions, Inc. $MSI

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.6% during the third quarter, HoldingsChannel.com reports. The fund owned 26,432 shares of the communications equipment provider’s stock after selling 2,486 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Motorola Solutions were worth $12,087,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSI. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Barclays reduced their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Finally, Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $491.86.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $402.58 on Friday. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a market capitalization of $67.05 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 3.01 and a beta of 1.00. The firm has a 50-day moving average of $381.46 and a two-hundred day moving average of $421.09. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.74 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is currently 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.