Motorola Solutions, Inc. $MSI Shares Sold by Renaissance Group LLC

Renaissance Group LLC trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,233 shares of the communications equipment provider’s stock after selling 1,210 shares during the quarter. Motorola Solutions makes up 1.4% of Renaissance Group LLC’s portfolio, making the stock its 29th biggest position. Renaissance Group LLC owned 0.05% of Motorola Solutions worth $35,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of MSI. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions during the second quarter worth about $25,000. Saudi Central Bank bought a new position in Motorola Solutions during the 1st quarter worth approximately $29,000. Whipplewood Advisors LLC lifted its holdings 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 last quarter. Rossby Financial LCC grew its position in shares of Motorola Solutions by 148.6% in the 2nd 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. increased its holdings in shares of Motorola Solutions by 47.1% in the 1st 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 last quarter. Institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In related news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was 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 directly owned 46,936 shares of the company’s stock, valued at $22,693,556. The trade was a 51.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 148,128 shares of company stock worth $70,431,641. 1.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

MSI has been the topic of several research analyst reports. Barclays reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. UBS Group raised their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Evercore ISI boosted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Piper Sandler reiterated a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $506.43.

Motorola Solutions Stock Down 1.4%

MSI stock opened at $372.29 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The firm’s 50-day simple moving average is $439.65 and its 200 day simple moving average is $434.42. The stock has a market cap of $62.01 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. Motorola Solutions, Inc. has a fifty-two week low of $371.56 and a fifty-two week high of $503.62.

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

Motorola Solutions Increases Dividend

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

Motorola Solutions Company Profile

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.