Machina Capital S.A.S. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 108.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,579 shares of the communications equipment provider’s stock after purchasing an additional 6,557 shares during the period. Motorola Solutions makes up 0.7% of Machina Capital S.A.S.’s portfolio, making the stock its 16th biggest position. Machina Capital S.A.S.’s holdings in Motorola Solutions were worth $5,610,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Evelyn Partners Asset Management Ltd bought a new position in Motorola Solutions in the first quarter valued at approximately $1,052,000. ProShare Advisors LLC increased its position in shares of Motorola Solutions by 8.5% during the third quarter. ProShare Advisors LLC now owns 49,900 shares of the communications equipment provider’s stock worth $22,254,000 after acquiring an additional 3,911 shares in the last quarter. BNP Paribas increased its position in shares of Motorola Solutions by 10.8% during the second quarter. BNP Paribas now owns 29,636 shares of the communications equipment provider’s stock worth $12,307,000 after acquiring an additional 2,884 shares in the last quarter. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Motorola Solutions during the first quarter worth $2,204,000. Finally, First Nebraska Trust Co acquired a new stake in shares of Motorola Solutions during the first quarter worth $11,361,000. Institutional investors own 84.17% of the company’s stock.
Insider Transactions at Motorola Solutions
In other news, SVP Rajan Naik sold 10,005 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $512.43, for a total transaction of $5,126,862.15. Following the completion of the transaction, the senior vice president directly owned 12,563 shares in the company, valued at $6,437,658.09. This represents a 44.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John P. Molloy sold 40,982 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $514.45, for a total value of $21,083,189.90. Following the completion of the transaction, the chief operating officer owned 69,330 shares of the company’s stock, valued at $35,666,818.50. The trade was a 37.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 156,418 shares of company stock worth $80,087,836. 1.28% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently commented on MSI shares. Truist Financial boosted their price objective on shares of Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Morgan Stanley reiterated an “overweight” rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a report on Thursday, August 6th. Evercore increased their target price on Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Raymond James Financial lifted their price target on Motorola Solutions from $530.00 to $550.00 in a research note on Thursday, August 6th. Finally, Zacks Research lowered Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $545.70.
Check Out Our Latest Stock Analysis on MSI
Motorola Solutions Price Performance
Shares of MSI opened at $535.30 on Thursday. The stock has a market capitalization of $88.50 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.87 and a beta of 0.86. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $548.28. The company has a 50 day moving average of $470.50 and a 200-day moving average of $443.85. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03.
Motorola Solutions (NYSE:MSI – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.06 earnings per share. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 15.90 EPS for the current fiscal year.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s payout ratio is presently 38.94%.
More Motorola Solutions News
Investors following MSI have been watching these news items:
- Positive Sentiment: Motorola Solutions beat third-quarter earnings and revenue estimates, raised its guidance and reported a record backlog. Shares rose about 7% after the results, supporting the recent move to a 52-week high. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings? Motorola Solutions Reaches a Fresh 52-Week High
- Negative Sentiment: Multiple senior executives sold shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares; the CFO and COO also made sizable sales, alongside SVP sales including a roughly $1.1 million transaction. The scale of these sales could weigh on sentiment, although the filings do not explain the reasons. Motorola Solutions Insider Trades Motorola Solutions Insider Sells $1.1 Million in Stock
About Motorola Solutions
Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.
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