Motorola Solutions, Inc. $MSI Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,675 shares of the communications equipment provider’s stock after purchasing an additional 2,734 shares during the quarter. Intech Investment Management LLC’s holdings in Motorola Solutions were worth $11,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSI. Revolve Wealth Partners LLC purchased a new position in Motorola Solutions during the fourth quarter worth about $208,000. Sigma Planning Corp purchased a new position in shares of Motorola Solutions during the 1st quarter worth about $210,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Motorola Solutions by 87.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 977 shares of the communications equipment provider’s stock worth $428,000 after acquiring an additional 455 shares during the period. Private Advisor Group LLC grew its holdings in Motorola Solutions by 3.1% in the first quarter. Private Advisor Group LLC now owns 4,280 shares of the communications equipment provider’s stock valued at $1,874,000 after purchasing an additional 129 shares during the period. Finally, OneAscent Family Office LLC acquired a new stake in shares of Motorola Solutions during the 1st quarter worth $422,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity

In other news, COO John P. Molloy sold 37,514 shares of the business’s 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 completion of the transaction, the chief operating officer directly owned 59,328 shares in the company, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The sale 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 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 completion of the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 148,128 shares of company stock worth $70,431,641 in the last 90 days. 1.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Barclays reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Evercore ISI upped their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. UBS Group increased their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Piper Sandler restated a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Seven 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, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $506.43.

Motorola Solutions Stock Down 1.0%

NYSE:MSI opened at $379.44 on Friday. 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 has a 50 day moving average of $443.80 and a 200-day moving average of $435.15. The firm has a market capitalization of $63.20 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. Motorola Solutions, Inc. has a 52 week low of $376.74 and a 52 week high of $503.62.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $3.74 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict 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 issued a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

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.