Cookson Peirce & Co. Inc. Has $458,000 Stake in Motorola Solutions, Inc. $MSI

Cookson Peirce & Co. Inc. reduced its holdings in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 95.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,002 shares of the communications equipment provider’s stock after selling 19,911 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Motorola Solutions were worth $458,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions during the third quarter worth approximately $25,000. United Community Bank increased 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 worth $27,000 after acquiring an additional 26 shares during the period. Whipplewood Advisors LLC raised its stake in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in Motorola Solutions in the 3rd quarter valued at $33,000. Finally, Field & Main Bank acquired a new stake in Motorola Solutions in the 3rd quarter worth $35,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Up 1.9%

MSI stock opened at $462.19 on Friday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 3.47. The business’s 50 day moving average is $392.04 and its 200-day moving average is $421.33. The firm has a market cap of $76.98 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.39 and a beta of 1.00.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating 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 business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the previous year, the firm earned $4.04 EPS. Motorola Solutions’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MSI. Piper Sandler reaffirmed an “overweight” rating and set a $499.00 price objective (up previously from $443.00) on shares of Motorola Solutions in a research report on Thursday. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Morgan Stanley restated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $497.14.

View Our Latest Analysis on MSI

Motorola Solutions News Summary

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About Motorola Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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