CPC Advisors LLC Has $2.15 Million Holdings in Motorola Solutions, Inc. $MSI

CPC Advisors LLC trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 82.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,700 shares of the communications equipment provider’s stock after selling 21,812 shares during the quarter. CPC Advisors LLC’s holdings in Motorola Solutions were worth $2,149,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MSI. Norges Bank bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $872,307,000. Marshall Wace LLP acquired a new position in Motorola Solutions in the second quarter worth $230,743,000. Voya Investment Management LLC grew its holdings in shares of Motorola Solutions by 116.5% during the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after purchasing an additional 452,822 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Motorola Solutions by 54.5% in the second quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after buying an additional 422,039 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Motorola Solutions by 1.8% in the second quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after buying an additional 384,479 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MSI shares. Barclays decreased their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Finally, Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Price Performance

Shares of MSI stock opened at $385.72 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The stock has a market cap of $64.24 billion, a PE ratio of 30.96, a PEG ratio of 2.86 and a beta of 1.00. 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 moving average price is $377.15 and its two-hundred day moving average price is $423.25.

Motorola Solutions (NYSE:MSI) last released its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 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 analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 EPS. As a group, analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

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