29,633 Motorola Solutions, Inc. $MSI Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,374 shares of the communications equipment provider’s stock after selling 29,633 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Motorola Solutions were worth $57,697,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $27,000. Field & Main Bank acquired a new position in Motorola Solutions in the 2nd quarter worth approximately $31,000. Gen Wealth Partners Inc boosted its stake in Motorola Solutions by 310.5% in the 3rd quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 59 shares during the period. Lodestone Wealth Management LLC raised its stake in Motorola Solutions by 53.7% during the 3rd quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 29 shares during the period. Finally, Essential Partners LLC raised its stake in Motorola Solutions by 633.3% during the 1st quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Truist Financial lifted their price target on Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Evercore increased their price objective on Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. Finally, Piper Sandler restated an “overweight” rating and set a $533.00 price objective (up from $531.00) on shares of Motorola Solutions in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $545.70.

Motorola Solutions Stock Performance

Shares of MSI opened at $531.19 on Friday. The company’s 50 day moving average price is $471.55 and its 200 day moving average price is $444.50. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $548.28. The company has a market capitalization of $87.82 billion, a PE ratio of 35.28, a PEG ratio of 2.88 and a beta of 0.86. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.85 and a current ratio of 1.10.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.42 by $0.27. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the business earned $4.06 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Research analysts expect that Motorola Solutions, Inc. will post 16.08 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th were issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s payout ratio is currently 38.94%.

Insiders Place Their Bets

In related news, SVP James Niewiara sold 2,086 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $522.35, for a total transaction of $1,089,622.10. Following the completion of the sale, the senior vice president directly owned 18,398 shares in the company, valued at approximately $9,610,195.30. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Q. Brown sold 70,780 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $514.14, for a total value of $36,390,829.20. Following the sale, the chief executive officer owned 66,769 shares of the company’s stock, valued at approximately $34,328,613.66. This represents a 51.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 221,418 shares of company stock valued at $114,247,736 in the last three months. Company insiders own 1.28% of the company’s 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.