US Bancorp DE Has $60.90 Million Stock Position in Motorola Solutions, Inc. $MSI

US Bancorp DE reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,179 shares of the communications equipment provider’s stock after selling 1,688 shares during the quarter. US Bancorp DE owned 0.08% of Motorola Solutions worth $60,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MSI. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions during the third quarter valued at about $25,000. United Community Bank increased its stake in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in Motorola Solutions during the third quarter valued at about $33,000. Field & Main Bank acquired a new position in Motorola Solutions in the 3rd quarter valued at approximately $35,000. Finally, Rossby Financial LCC lifted its position in shares of Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 52 shares during the period. 84.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Monday, December 1st. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Finally, Barclays upped their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.14.

Motorola Solutions Trading Up 0.0%

Shares of Motorola Solutions stock opened at $471.48 on Friday. The stock has a market capitalization of $78.11 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The company has a 50-day simple moving average of $408.90 and a 200 day simple moving average of $422.73.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $4.04 earnings per share. Research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be given a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.0%. Motorola Solutions’s payout ratio is presently 37.93%.

Insider Buying and Selling

In other news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the sale, the chief executive officer owned 47,167 shares in the company, valued at approximately $22,078,401.03. This represents a 51.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Company Profile

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.