Procyon Advisors LLC Buys 1,720 Shares of Motorola Solutions, Inc. $MSI

Procyon Advisors LLC boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 70.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,152 shares of the communications equipment provider’s stock after buying an additional 1,720 shares during the period. Procyon Advisors LLC’s holdings in Motorola Solutions were worth $1,899,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Covea Finance raised its holdings in shares of Motorola Solutions by 5.9% in the third quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after purchasing an additional 6,153 shares during the last quarter. Obermeyer Wealth Partners grew its position in Motorola Solutions by 261.0% in the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after purchasing an additional 5,837 shares in the last quarter. Machina Capital S.A.S. increased its stake in Motorola Solutions by 345.3% in the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after buying an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in shares of Motorola Solutions during the 2nd quarter worth approximately $257,000. Finally, Swedbank AB lifted its position in shares of Motorola Solutions by 20.3% during the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after buying an additional 227,062 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $465.00 to $443.00 in a report on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Barclays decreased their target price 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. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Trading Up 1.3%

NYSE:MSI opened at $394.24 on Friday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The stock’s fifty day moving average price is $377.09 and its two-hundred day moving average price is $422.62. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company has a market cap of $65.66 billion, a P/E ratio of 31.64, a P/E/G ratio of 2.91 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company posted $3.74 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

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

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.