Robeco Institutional Asset Management B.V. Cuts Stake in Motorola Solutions, Inc. $MSI

Robeco Institutional Asset Management B.V. lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 549,369 shares of the communications equipment provider’s stock after selling 3,470 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.33% of Motorola Solutions worth $251,221,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MSI. Norges Bank purchased a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $872,307,000. Marshall Wace LLP purchased a new stake in Motorola Solutions in the second quarter worth $230,743,000. Voya Investment Management LLC raised its stake in shares of Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock valued at $384,793,000 after buying an additional 452,822 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of 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 valued at $502,784,000 after buying an additional 422,039 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Motorola Solutions by 1.8% during 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 last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Barclays reduced their target price on shares of 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 report on Monday. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Monday, December 1st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Trading Up 0.4%

Shares of Motorola Solutions stock opened at $382.68 on Tuesday. The company’s 50-day moving average price is $381.00 and its 200-day moving average price is $424.38. 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, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a market cap of $63.73 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.85 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share 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 for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm posted $3.74 EPS. Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share 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 given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

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.