Legacy Wealth Asset Management LLC Takes Position in Motorola Solutions, Inc. $MSI

Legacy Wealth Asset Management LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,637 shares of the communications equipment provider’s stock, valued at approximately $749,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Motorola Solutions during the fourth quarter worth $208,000. Summit Financial LLC lifted its stake in shares of Motorola Solutions by 4.3% in the first quarter. Summit Financial LLC now owns 1,329 shares of the communications equipment provider’s stock worth $582,000 after buying an additional 55 shares in the last quarter. CW Advisors LLC boosted its position in Motorola Solutions by 7.5% during the first quarter. CW Advisors LLC now owns 4,899 shares of the communications equipment provider’s stock worth $2,144,000 after acquiring an additional 341 shares during the last quarter. Haverford Trust Co purchased a new stake in Motorola Solutions during the 1st quarter valued at about $202,000. Finally, Synovus Financial Corp raised its holdings in Motorola Solutions by 33.7% in the 1st quarter. Synovus Financial Corp now owns 5,851 shares of the communications equipment provider’s stock valued at $2,562,000 after acquiring an additional 1,476 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSI has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 15th. Evercore ISI lifted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Piper Sandler reissued a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Finally, Barclays reduced their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $495.00.

Motorola Solutions Price Performance

NYSE:MSI opened at $372.95 on Tuesday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The stock’s fifty day moving average is $394.08 and its two-hundred day moving average is $426.45. The company has a market capitalization of $62.12 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.95 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $3.74 EPS. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

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.