RWA Wealth Partners LLC Sells 1,941 Shares of Motorola Solutions, Inc. $MSI

RWA Wealth Partners LLC lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 14.3% during the third quarter, HoldingsChannel.com reports. The firm owned 11,639 shares of the communications equipment provider’s stock after selling 1,941 shares during the period. RWA Wealth Partners LLC’s holdings in Motorola Solutions were worth $5,322,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Motorola Solutions in the third quarter valued at approximately $25,000. United Community Bank increased its holdings in shares of Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in Motorola Solutions in the 3rd quarter valued at $33,000. Field & Main Bank acquired a new stake in Motorola Solutions during the 3rd quarter valued at $35,000. Finally, Rossby Financial LCC boosted its position in Motorola Solutions by 148.6% during the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI opened at $469.90 on Thursday. The firm has a 50-day moving average price of $406.94 and a two-hundred day moving average price of $422.39. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a market capitalization of $77.84 billion, a P/E ratio of 36.83, a P/E/G ratio of 3.30 and a beta of 1.00. 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 (NYSE:MSI) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 earnings per share. Analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a dividend of $1.21 per share. 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 is presently 37.93%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSI. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Monday, December 1st. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.