Motorola Solutions, Inc. $MSI Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 347.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,947 shares of the communications equipment provider’s stock after purchasing an additional 3,064 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Motorola Solutions were worth $1,805,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Motorola Solutions by 1.8% during the second 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 in the last quarter. State Street Corp increased its holdings in shares of Motorola Solutions by 1.3% during the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after purchasing an additional 101,408 shares during the period. Geode Capital Management LLC lifted its stake in shares of Motorola Solutions by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after acquiring an additional 51,474 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Motorola Solutions by 0.8% in the second quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after buying an additional 27,206 shares during the period. Finally, Norges Bank acquired a new position in Motorola Solutions in the second quarter worth approximately $872,307,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

NYSE:MSI opened at $382.68 on Tuesday. 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 50-day simple moving average is $381.00 and its 200 day simple moving average is $424.38. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a market cap of $63.73 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.85 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $3.74 earnings per share. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.21 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s payout ratio is presently 38.84%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $465.00 to $443.00 in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Northcoast Research raised shares of 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, Barclays cut their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Company 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.