Rathbones Group PLC Purchases 5,400 Shares of Motorola Solutions, Inc. $MSI

Rathbones Group PLC lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,566 shares of the communications equipment provider’s stock after purchasing an additional 5,400 shares during the quarter. Rathbones Group PLC’s holdings in Motorola Solutions were worth $72,968,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSI. Dynamic Technology Lab Private Ltd increased its stake in Motorola Solutions by 52.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 3,272 shares of the communications equipment provider’s stock valued at $1,496,000 after purchasing an additional 1,129 shares in the last quarter. Barden Capital Management Inc. bought a new position in shares of Motorola Solutions in the third quarter valued at $1,462,000. Natixis Advisors LLC grew its holdings in shares of Motorola Solutions by 4.1% during the third quarter. Natixis Advisors LLC now owns 282,834 shares of the communications equipment provider’s stock valued at $129,338,000 after buying an additional 11,269 shares during the last quarter. Ameriflex Group Inc. increased its position in shares of Motorola Solutions by 2,976.9% during the third quarter. Ameriflex Group Inc. now owns 400 shares of the communications equipment provider’s stock worth $183,000 after acquiring an additional 387 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Motorola Solutions by 4.6% in the 3rd quarter. First Trust Advisors LP now owns 641,029 shares of the communications equipment provider’s stock worth $293,136,000 after acquiring an additional 28,022 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Down 1.3%

Shares of MSI stock opened at $461.11 on Friday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The company has a 50-day simple moving average of $420.96 and a two-hundred day simple moving average of $422.93. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 3.23 and a beta of 0.96.

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

Motorola Solutions Dividend Announcement

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

Insider Buying and Selling

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 28,435 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the sale, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This represents a 23.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Piper Sandler reissued an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Barclays raised their price objective on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus price target 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.