Motorola Solutions, Inc. $MSI Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 20.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,278 shares of the communications equipment provider’s stock after selling 6,537 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Motorola Solutions were worth $11,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MSI. Orion Capital Management LLC purchased a new stake in Motorola Solutions in the 3rd quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions in the third quarter valued at $33,000. Whipplewood Advisors LLC boosted its stake in shares of Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Motorola Solutions during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSI. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $465.00 to $443.00 in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Barclays lowered their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Stock Performance

NYSE:MSI opened at $401.60 on Friday. The company has a market cap of $66.89 billion, a P/E ratio of 32.23, a P/E/G ratio of 3.00 and a beta of 1.00. The firm’s 50 day moving average is $378.22 and its two-hundred day moving average is $421.58. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.74 EPS. Analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a $1.21 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

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.