Martingale Asset Management L P Cuts Stake in Motorola Solutions, Inc. $MSI

Martingale Asset Management L P lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,884 shares of the communications equipment provider’s stock after selling 1,907 shares during the quarter. Martingale Asset Management L P’s holdings in Motorola Solutions were worth $22,354,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in Motorola Solutions in the third quarter valued at about $25,000. United Community Bank increased its stake 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 worth $27,000 after purchasing an additional 26 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $33,000. Field & Main Bank bought a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC purchased a new position in Motorola Solutions in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.3%

MSI opened at $463.88 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a market cap of $76.85 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 3.24 and a beta of 0.96. 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 50 day moving average of $427.36 and a 200 day moving average of $423.20.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. During the same quarter in the previous year, the firm posted $4.04 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSI shares. 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. Morgan Stanley restated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays upped their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a 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 issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $497.14.

Insider Buying and Selling

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This trade represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. The trade was a 42.35% 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 valued at $60,779,964. Corporate insiders own 1.44% of the company’s stock.

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.