Mairs & Power Inc. Has $210.46 Million Stock Position in Motorola Solutions, Inc. $MSI

Mairs & Power Inc. lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 460,229 shares of the communications equipment provider’s stock after selling 14,877 shares during the period. Motorola Solutions comprises 2.0% of Mairs & Power Inc.’s holdings, making the stock its 17th largest holding. Mairs & Power Inc. owned about 0.28% of Motorola Solutions worth $210,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $872,307,000. Marshall Wace LLP bought a new position in shares of Motorola Solutions during the second quarter worth about $230,743,000. Capital World Investors raised its position in shares of Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after acquiring an additional 490,354 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after acquiring an additional 452,822 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Motorola Solutions by 56.6% in the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after acquiring an additional 435,178 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other news, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the transaction, the director directly owned 7,153 shares in the company, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 129,069 shares of company stock valued at $60,779,964 over the last three months. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Trading Down 0.5%

NYSE:MSI opened at $470.98 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $78.02 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.31 and a beta of 0.96. The firm has a fifty day simple moving average of $430.98 and a two-hundred day simple moving average of $422.78. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm 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 business earned $4.04 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price 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. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Piper Sandler reiterated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. 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 note on Monday, December 1st. Finally, Barclays boosted their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $497.14.

Motorola Solutions 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.