Guardian Capital LP Purchases 35,140 Shares of Motorola Solutions, Inc. $MSI

Guardian Capital LP boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 213.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,602 shares of the communications equipment provider’s stock after acquiring an additional 35,140 shares during the quarter. Guardian Capital LP’s holdings in Motorola Solutions were worth $23,597,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MSI. Orion Capital Management LLC purchased a new position in Motorola Solutions in the third quarter worth about $25,000. United Community Bank increased its position in shares of Motorola Solutions by 81.3% during the 3rd 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 last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $33,000. Field & Main Bank bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Motorola Solutions in the third quarter worth approximately $38,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 1.3%

Shares of NYSE:MSI opened at $461.11 on Friday. The stock has a 50 day moving average of $420.96 and a 200 day moving average of $423.19. The company has a market cap 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. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping 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 company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter last year, the business earned $4.04 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Insider Activity at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction 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 transaction, the chief executive officer owned 9,529 shares in the company, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total transaction 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 $22,078,401.03. This represents a 51.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 129,069 shares of company stock worth $60,779,964. 1.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Barclays increased their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Morgan Stanley restated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $497.14.

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.