Rice Partnership LLC Sells 3,095 Shares of Motorola Solutions, Inc. $MSI

Rice Partnership LLC trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 14.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,600 shares of the communications equipment provider’s stock after selling 3,095 shares during the quarter. Motorola Solutions makes up about 1.2% of Rice Partnership LLC’s portfolio, making the stock its 27th biggest position. Rice Partnership LLC’s holdings in Motorola Solutions were worth $8,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Mufg Securities Americas Inc. raised its holdings in shares of Motorola Solutions by 21.5% in the third quarter. Mufg Securities Americas Inc. now owns 4,493 shares of the communications equipment provider’s stock worth $2,055,000 after buying an additional 794 shares during the period. Compound Planning Inc. boosted its position in Motorola Solutions by 13.0% in the 3rd quarter. Compound Planning Inc. now owns 1,384 shares of the communications equipment provider’s stock valued at $633,000 after buying an additional 159 shares during the period. Dakota Wealth Management grew its stake in Motorola Solutions by 239.7% in the 3rd quarter. Dakota Wealth Management now owns 2,300 shares of the communications equipment provider’s stock worth $1,052,000 after acquiring an additional 1,623 shares in the last quarter. Stonebrook Private Inc. grew its stake in Motorola Solutions by 3.2% in the 3rd quarter. Stonebrook Private Inc. now owns 14,198 shares of the communications equipment provider’s stock worth $6,493,000 after acquiring an additional 441 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Motorola Solutions by 5.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,720 shares of the communications equipment provider’s stock valued at $787,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSI. Piper Sandler restated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised 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. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays raised 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. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $497.14.

Motorola Solutions Price Performance

NYSE:MSI opened at $464.64 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The stock’s 50-day moving average price is $402.87 and its 200-day moving average price is $421.94. The stock has a market capitalization of $76.97 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 3.24 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.34 billion. During the same quarter last year, the company earned $4.04 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

About Motorola Solutions

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.