Wealth Enhancement Advisory Services LLC Increases Holdings in Motorola Solutions, Inc. $MSI

Wealth Enhancement Advisory Services LLC increased its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,418 shares of the communications equipment provider’s stock after buying an additional 12,877 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.17% of Motorola Solutions worth $108,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Covea Finance raised its stake in shares of Motorola Solutions by 5.9% during the third quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after acquiring an additional 6,153 shares during the last quarter. Swedbank AB boosted its holdings in shares of Motorola Solutions by 20.3% during the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares during the period. Varma Mutual Pension Insurance Co grew its stake in shares of Motorola Solutions by 8.4% in the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after purchasing an additional 2,300 shares during the last quarter. Alps Advisors Inc. increased its holdings in Motorola Solutions by 180.3% during the 3rd quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock valued at $9,100,000 after purchasing an additional 12,799 shares during the period. Finally, Capital World Investors increased its holdings in Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a report on Thursday, February 12th. Piper Sandler reissued an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays upped 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. JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions Price Performance

MSI opened at $452.67 on Friday. 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 company has a market cap of $74.99 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.96. The stock has a fifty day simple moving average of $437.49 and a two-hundred day simple moving average of $422.79. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $4.04 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business 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 $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Insider Activity

In other news, 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 transaction, the chief executive officer owned 47,167 shares in the company, valued at approximately $22,078,401.03. This represents a 51.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This trade represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,069 shares of company stock worth $60,779,964 over the last three months. 1.44% of the stock is currently owned by corporate insiders.

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.