642 Shares in Motorola Solutions, Inc. $MSI Purchased by Virtus Advisers LLC

Virtus Advisers LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 642 shares of the communications equipment provider’s stock, valued at approximately $270,000.

Several other hedge funds have also bought and sold shares of the stock. Advisors Capital Management LLC grew its stake in shares of Motorola Solutions by 1.0% during the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after purchasing an additional 24 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after buying an additional 24 shares in the last quarter. IFC Advisors LLC grew its position in Motorola Solutions by 0.6% during the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 25 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in Motorola Solutions by 3.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock valued at $295,000 after buying an additional 25 shares during the period. Finally, Trust Point Inc. increased its holdings in Motorola Solutions by 3.9% in the second quarter. Trust Point Inc. now owns 692 shares of the communications equipment provider’s stock valued at $291,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other news, SVP Rajan Naik sold 8,014 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the sale, the senior vice president directly owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares in the company, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 85,614 shares of company stock worth $41,278,417. Corporate insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

MSI has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. UBS Group increased their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Evercore ISI raised their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Motorola Solutions in a research report on Monday, November 24th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $502.50.

Motorola Solutions Trading Up 0.0%

Shares of Motorola Solutions stock opened at $369.68 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a twelve month low of $365.40 and a twelve month high of $503.62. The firm has a market capitalization of $61.57 billion, a PE ratio of 29.76, a P/E/G ratio of 3.46 and a beta of 0.96. The firm’s 50-day moving average price is $421.86 and its 200 day moving average price is $432.06.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.74 earnings per share. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is currently 38.84%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.