Orion Porfolio Solutions LLC Has $7.76 Million Position in Motorola Solutions, Inc. $MSI

Orion Porfolio Solutions LLC lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 97.4% during the third quarter, HoldingsChannel reports. The fund owned 16,973 shares of the communications equipment provider’s stock after purchasing an additional 8,375 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Motorola Solutions were worth $7,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at about $25,000. United Community Bank raised its position in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in Motorola Solutions in the third quarter valued at approximately $33,000. Field & Main Bank bought a new stake in Motorola Solutions in the third quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC bought a new stake in Motorola Solutions in the third quarter worth approximately $38,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Barclays upped their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $497.14.

Motorola Solutions Stock Performance

Shares of MSI opened at $461.11 on Friday. The company has a market capitalization of $76.39 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 3.27 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company’s fifty day moving average price is $420.96 and its 200 day moving average price is $423.19.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $4.04 earnings per share. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

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

Insider Transactions at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. This trade represents a 51.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 129,069 shares of company stock worth $60,779,964 over the last three months. 1.44% of the stock is currently owned by insiders.

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.