Riverbridge Partners LLC Has $35.34 Million Stake in Motorola Solutions, Inc. $MSI

Riverbridge Partners LLC decreased its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,285 shares of the communications equipment provider’s stock after selling 3,100 shares during the period. Riverbridge Partners LLC’s holdings in Motorola Solutions were worth $35,342,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSI. Signature Resources Capital Management LLC acquired a new stake in Motorola Solutions during the second quarter worth approximately $25,000. Saudi Central Bank bought a new stake in shares of Motorola Solutions in the 1st quarter valued at $29,000. Whipplewood Advisors LLC lifted its position in shares of Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares during the period. Rossby Financial LCC grew its holdings in Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Motorola Solutions in the second quarter valued at $39,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Down 1.0%

Motorola Solutions stock opened at $369.97 on Monday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The firm’s 50-day simple moving average is $395.74 and its 200 day simple moving average is $426.76. The stock has a market cap of $61.62 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS 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 analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. Research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a 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 (DPR) is presently 38.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSI. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Barclays lowered their target price on 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 reissued a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 15th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Monday, December 1st. Finally, Evercore ISI raised their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and a consensus target price of $495.00.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.