Capital International Inc. CA Boosts Stake in Motorola Solutions, Inc. $MSI

Capital International Inc. CA boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 34.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,710 shares of the communications equipment provider’s stock after purchasing an additional 28,314 shares during the period. Capital International Inc. CA owned about 0.07% of Motorola Solutions worth $50,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Motorola Solutions during the third quarter worth about $25,000. United Community Bank grew its holdings 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 purchasing an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in Motorola Solutions in the third quarter worth $33,000. Field & Main Bank bought a new stake in shares of Motorola Solutions in the third quarter valued at $35,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Motorola Solutions during the 3rd quarter worth $38,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $457.75 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The stock has a fifty day moving average of $422.57 and a 200 day moving average of $422.62. The firm has a market capitalization of $75.83 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 3.23 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share 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 the consensus estimate of $3.34 billion. During the same quarter in the prior year, the business posted $4.04 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s payout ratio is presently 37.93%.

Insider Activity at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 50,000 shares of the 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 transaction, the chief executive officer owned 47,167 shares in the company, valued at $22,078,401.03. This represents a 51.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 over the last quarter. Company insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

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

About Motorola Solutions

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.