Teacher Retirement System of Texas Increases Stock Holdings in Motorola Solutions, Inc. $MSI

Teacher Retirement System of Texas grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,328 shares of the communications equipment provider’s stock after purchasing an additional 7,222 shares during the quarter. Teacher Retirement System of Texas’ holdings in Motorola Solutions were worth $43,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MSI. Vanguard Group Inc. grew its position in Motorola Solutions by 1.8% during 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 period. State Street Corp boosted its stake in shares of Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after acquiring an additional 101,408 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Motorola Solutions by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after acquiring an additional 51,474 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Motorola Solutions by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after acquiring an additional 27,206 shares during the period. Finally, Norges Bank purchased a new stake in shares of Motorola Solutions in the 2nd quarter worth $872,307,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.0%

Shares of MSI stock opened at $401.60 on Friday. 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 stock has a fifty day simple moving average of $378.22 and a two-hundred day simple moving average of $421.55. The firm has a market capitalization of $66.89 billion, a PE ratio of 32.23, a PEG ratio of 2.97 and a beta of 1.00. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company posted $3.74 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is currently 38.84%.

Wall Street Analysts Forecast Growth

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

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.