Benjamin Edwards Inc. Sells 1,826 Shares of Motorola Solutions, Inc. $MSI

Benjamin Edwards Inc. cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 92,971 shares of the communications equipment provider’s stock after selling 1,826 shares during the period. Benjamin Edwards Inc.’s holdings in Motorola Solutions were worth $35,639,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. One Wealth Advisors LLC increased its stake in Motorola Solutions by 28.0% during the fourth quarter. One Wealth Advisors LLC now owns 3,822 shares of the communications equipment provider’s stock valued at $1,465,000 after acquiring an additional 837 shares during the period. Robertson Stephens Wealth Management LLC increased its stake in Motorola Solutions by 19.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,402 shares of the communications equipment provider’s stock valued at $539,000 after acquiring an additional 228 shares during the period. Summit Place Financial Advisors LLC increased its stake in Motorola Solutions by 2.7% during the fourth quarter. Summit Place Financial Advisors LLC now owns 9,212 shares of the communications equipment provider’s stock valued at $3,531,000 after acquiring an additional 240 shares during the period. Oppenheimer & Co. Inc. increased its stake in Motorola Solutions by 23.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,805 shares of the communications equipment provider’s stock valued at $4,525,000 after acquiring an additional 2,214 shares during the period. Finally, Sigma Planning Corp increased its stake in Motorola Solutions by 9.8% during the fourth quarter. Sigma Planning Corp now owns 1,018 shares of the communications equipment provider’s stock valued at $390,000 after acquiring an additional 91 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Insider Transactions at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at $22,078,401.03. The trade was a 51.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 129,069 shares of company stock valued at $60,779,964 in the last three months. 1.28% of the stock is owned by corporate insiders.

Motorola Solutions Stock Down 0.7%

NYSE MSI opened at $436.05 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The stock’s 50 day moving average is $452.44 and its two-hundred day moving average is $417.40. The company has a market capitalization of $72.47 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.04 and a beta of 0.93. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 earnings per share. Equities analysts forecast that Motorola Solutions, Inc. will post 15.25 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, March 20th. Motorola Solutions’s payout ratio is presently 37.93%.

Analyst Ratings Changes

Several brokerages recently issued reports on MSI. Barclays boosted their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Truist Financial began coverage on Motorola Solutions in a research note on Tuesday, March 31st. They set a “buy” rating and a $540.00 price target on the stock. Finally, Morgan Stanley restated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $502.50.

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.