Motorola Solutions, Inc. $MSI Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 38.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,197 shares of the communications equipment provider’s stock after purchasing an additional 1,435 shares during the period. Crossmark Global Holdings Inc.’s holdings in Motorola Solutions were worth $2,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Orion Porfolio Solutions LLC raised its holdings in shares of Motorola Solutions by 97.4% during the third quarter. Orion Porfolio Solutions LLC now owns 16,973 shares of the communications equipment provider’s stock worth $7,762,000 after acquiring an additional 8,375 shares in the last quarter. Advisory Alpha LLC grew its stake in Motorola Solutions by 32.9% in the third quarter. Advisory Alpha LLC now owns 1,457 shares of the communications equipment provider’s stock valued at $653,000 after purchasing an additional 361 shares in the last quarter. Cambria Investment Management L.P. purchased a new position in Motorola Solutions in the third quarter valued at about $371,000. Dimensional Fund Advisors LP increased its position in Motorola Solutions by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 925,885 shares of the communications equipment provider’s stock worth $423,374,000 after purchasing an additional 28,813 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in Motorola Solutions by 3.1% in the 3rd quarter. AustralianSuper Pty Ltd now owns 11,408 shares of the communications equipment provider’s stock worth $5,217,000 after purchasing an additional 344 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSI has been the subject of several research reports. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Piper Sandler restated an “overweight” rating and issued a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $497.14.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $461.11 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The business has a 50-day moving average of $420.96 and a two-hundred day moving average of $422.93. The stock has a market capitalization of $76.39 billion, a P/E ratio of 36.14, a P/E/G ratio of 3.23 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the firm posted $4.04 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Insider Buying and Selling at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer owned 47,167 shares of the company’s stock, valued at $22,078,401.03. This trade represents a 51.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 over the last 90 days. 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.