Segall Bryant & Hamill LLC Sells 3,330 Shares of Motorola Solutions, Inc. $MSI

Segall Bryant & Hamill LLC cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,799 shares of the communications equipment provider’s stock after selling 3,330 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Motorola Solutions were worth $29,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Covea Finance boosted its holdings in shares of Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after purchasing an additional 6,153 shares in the last quarter. Obermeyer Wealth Partners lifted 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 buying an additional 5,837 shares during the last quarter. Machina Capital S.A.S. boosted its stake in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after buying an additional 10,816 shares in the last quarter. Swedbank AB grew its position in Motorola Solutions by 20.3% during the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock valued at $615,280,000 after acquiring an additional 227,062 shares during the last quarter. Finally, Rockline Wealth Management LLC purchased a new position in shares of Motorola Solutions during the second quarter worth approximately $333,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $486.31 on Tuesday. The stock has a market capitalization of $80.56 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.38 and a beta of 0.96. The firm’s 50-day moving average price is $413.39 and its two-hundred day moving average price is $422.36. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22.

Motorola Solutions (NYSE:MSI) last posted its 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. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm earned $4.04 earnings per share. Motorola Solutions’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. Motorola Solutions’s payout ratio is 37.93%.

Insider Activity at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. This trade represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,634 shares of company stock worth $47,189,456 over the last quarter. 1.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSI shares. JPMorgan Chase & Co. upped their price objective 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. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Monday, December 1st. Piper Sandler reaffirmed 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. Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Barclays increased their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $497.14.

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.