State of New Jersey Common Pension Fund D Has $26.45 Million Stock Holdings in Motorola Solutions, Inc. $MSI

State of New Jersey Common Pension Fund D increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,837 shares of the communications equipment provider’s stock after purchasing an additional 1,450 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Motorola Solutions were worth $26,448,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MSI. Orion Capital Management LLC bought a new stake in shares of Motorola Solutions during the third quarter worth $25,000. United Community Bank boosted its stake in Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in Motorola Solutions in the 3rd quarter worth $33,000. Whipplewood Advisors LLC increased its holdings in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares in the last quarter. Finally, Field & Main Bank acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at about $35,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.9%

NYSE MSI opened at $462.19 on Monday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The stock has a 50 day moving average of $392.04 and a 200-day moving average of $421.14. The company has a market cap of $76.57 billion, a PE ratio of 36.22, a PEG ratio of 3.56 and a beta of 1.00.

Motorola Solutions (NYSE:MSIGet Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.04 earnings per share. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were issued a dividend of $1.21 per share. The ex-dividend date was Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio is 37.93%.

Analyst Upgrades and Downgrades

MSI has been the subject of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday. Piper Sandler restated an “overweight” rating and issued a $499.00 target price (up previously from $443.00) on shares of Motorola Solutions in a research note on Thursday. Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, 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 report on Thursday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $497.14.

View Our Latest Analysis on MSI

Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

About Motorola Solutions

(Free Report)

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.

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

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