Clearstead Trust LLC Acquires Shares of 362 Motorola Solutions, Inc. $MSI

Clearstead Trust LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 362 shares of the communications equipment provider’s stock, valued at approximately $152,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in shares of Motorola Solutions in the second quarter worth $25,000. Saudi Central Bank acquired a new position in Motorola Solutions during the 1st quarter worth $29,000. Whipplewood Advisors LLC increased its position in shares of Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares during the last quarter. Rossby Financial LCC raised its stake in shares of Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Motorola Solutions by 47.1% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 33 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO John P. Molloy sold 37,514 shares of Motorola Solutions stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the sale, the chief operating officer owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 148,128 shares of company stock valued at $70,431,641. Company insiders own 1.44% of the company’s stock.

Motorola Solutions Trading Down 1.0%

Shares of NYSE MSI opened at $379.44 on Friday. Motorola Solutions, Inc. has a 12-month low of $376.74 and a 12-month high of $503.62. The company has a market cap of $63.20 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The stock’s 50 day simple moving average is $443.80 and its 200 day simple moving average is $435.15.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $3.74 earnings per share. Equities research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a $0.0109 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.99%.

Analyst Ratings Changes

MSI has been the subject of a number of research reports. Barclays decreased their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. UBS Group increased their target price on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Evercore ISI upped their price target on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions 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’s stock. According to data from MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and an average price target of $506.43.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.