Motorola Solutions, Inc. $MSI Stock: Russell Investments Group Ltd. Cuts Stake

Russell Investments Group Ltd. decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,992 shares of the communications equipment provider’s stock after selling 30,130 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.13% of Motorola Solutions worth $92,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSI. Western Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the first quarter valued at $27,000. Field & Main Bank bought a new position in shares of Motorola Solutions in the second quarter valued at about $31,000. Gen Wealth Partners Inc raised its holdings in shares of Motorola Solutions by 310.5% in the third quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 59 shares during the last quarter. Lodestone Wealth Management LLC raised its holdings in shares of Motorola Solutions by 53.7% in the third quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock valued at $37,000 after buying an additional 29 shares during the last quarter. Finally, Essential Partners LLC lifted its position in Motorola Solutions by 633.3% during the 1st quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Recent Motorola Solutions Headlines

These are some of the MSI headlines that stood out recently:

Motorola Solutions Trading Up 0.2%

MSI stock traded up $1.10 during midday trading on Friday, reaching $531.50. The stock had a trading volume of 662,143 shares, compared to its average volume of 1,201,803. The business has a fifty day simple moving average of $472.72 and a two-hundred day simple moving average of $445.13. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03. The firm has a market cap of $87.87 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 2.85 and a beta of 0.86. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $548.28.

Motorola Solutions (NYSE:MSI – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping the consensus estimate of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the business posted $4.06 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts expect that Motorola Solutions, Inc. will post 16.08 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.21 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 0.9%. Motorola Solutions’s payout ratio is currently 38.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $476.00 price objective (up from $470.00) on shares of Motorola Solutions in a report on Thursday, August 6th. Barclays boosted their target price on shares of Motorola Solutions from $529.00 to $598.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Evercore boosted their target price on shares of Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $545.00 to $570.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Finally, Zacks Research cut shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $545.70.

Read Our Latest Research Report on Motorola Solutions

Insider Activity at Motorola Solutions

In related news, CFO Jason J. Winkler sold 7,552 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $529.12, for a total value of $3,995,914.24. Following the transaction, the chief financial officer directly owned 11,319 shares in the company, valued at $5,989,109.28. This represents a 40.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory Brown sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $526.14, for a total transaction of $13,153,500.00. Following the completion of the transaction, the chief executive officer directly owned 66,769 shares in the company, valued at approximately $35,129,841.66. The trade was a 27.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 221,418 shares of company stock worth $114,247,736 over the last 90 days. Insiders own 1.28% of the company’s stock.

Motorola Solutions Profile

(Free Report)

Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Further Reading

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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