Motorola Solutions, Inc. $MSI Stake Reduced by Renaissance Group LLC

Renaissance Group LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,233 shares of the communications equipment provider’s stock after selling 1,210 shares during the period. Motorola Solutions makes up 1.4% of Renaissance Group LLC’s portfolio, making the stock its 29th biggest holding. Renaissance Group LLC’s holdings in Motorola Solutions were worth $35,417,000 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 the business. Nuveen LLC bought a new stake in Motorola Solutions during the first quarter worth approximately $650,426,000. 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 acquiring an additional 384,479 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Motorola Solutions by 49.1% during the 1st quarter. Hsbc Holdings PLC now owns 746,011 shares of the communications equipment provider’s stock valued at $325,558,000 after acquiring an additional 245,739 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Motorola Solutions in the 2nd quarter worth $87,162,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Motorola Solutions by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,520,116 shares of the communications equipment provider’s stock worth $665,522,000 after acquiring an additional 187,400 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Down 1.4%

Motorola Solutions stock opened at $372.29 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $371.56 and a twelve month high of $503.62. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The firm has a market cap of $62.01 billion, a PE ratio of 29.97, a P/E/G ratio of 3.46 and a beta of 0.96. The firm’s 50 day moving average price is $439.65 and its two-hundred day moving average price is $434.42.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company posted $3.74 EPS. Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 34.99%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MSI shares. Evercore ISI increased 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. UBS Group upped their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Finally, Piper Sandler reissued a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and an average price target of $506.43.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 37,514 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total value of $17,345,723.32. Following the transaction, the chief operating officer owned 59,328 shares in the company, valued at approximately $27,432,080.64. This represents a 38.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the completion of the sale, the senior vice president owned 10,244 shares of the company’s stock, valued at $4,860,265.80. This trade represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 148,128 shares of company stock worth $70,431,641. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Company 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.