Mediolanum International Funds Ltd Buys 13,734 Shares of Motorola Solutions, Inc. $MSI

Mediolanum International Funds Ltd raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 30.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 59,385 shares of the communications equipment provider’s stock after purchasing an additional 13,734 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Motorola Solutions were worth $24,862,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MSI. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions in the 2nd quarter worth about $25,000. Saudi Central Bank bought a new stake in Motorola Solutions in the 1st quarter valued at about $29,000. 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 worth $31,000 after buying an additional 55 shares during the period. Rossby Financial LCC boosted its holdings in Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Motorola Solutions by 47.1% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 33 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the sale, the chief executive officer owned 46,936 shares in the company, valued at $22,693,556. This trade represents a 51.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 110,614 shares of company stock valued at $53,085,917 in the last three months. Company insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their target price on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Piper Sandler reiterated a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Barclays decreased their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, UBS Group increased their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $506.43.

Motorola Solutions Stock Performance

Shares of MSI opened at $366.66 on Friday. The company has a market capitalization of $61.07 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 3.46 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The stock has a 50 day moving average of $434.95 and a 200 day moving average of $433.51. Motorola Solutions, Inc. has a 12 month low of $365.75 and a 12 month high of $503.62.

Motorola Solutions (NYSE:MSI) last released its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.74 EPS. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. Motorola Solutions’s dividend payout ratio is presently 34.99%.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.