Motorola Solutions, Inc. $MSI Stake Cut by Summit Global Investments

Summit Global Investments reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 84.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,194 shares of the communications equipment provider’s stock after selling 6,301 shares during the period. Summit Global Investments’ holdings in Motorola Solutions were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. AE Wealth Management LLC increased its holdings in Motorola Solutions by 44.4% in the third quarter. AE Wealth Management LLC now owns 2,092 shares of the communications equipment provider’s stock worth $957,000 after buying an additional 643 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Motorola Solutions by 5.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,222 shares of the communications equipment provider’s stock valued at $1,476,000 after purchasing an additional 161 shares in the last quarter. Field & Main Bank acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at $35,000. AustralianSuper Pty Ltd lifted its stake in shares of Motorola Solutions by 3.1% in the 3rd quarter. AustralianSuper Pty Ltd now owns 11,408 shares of the communications equipment provider’s stock valued at $5,217,000 after purchasing an additional 344 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Motorola Solutions by 11.3% in the third quarter. Ballentine Partners LLC now owns 3,285 shares of the communications equipment provider’s stock worth $1,502,000 after purchasing an additional 333 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Trading Down 0.1%

MSI opened at $402.58 on Friday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The stock has a market capitalization of $67.05 billion, a PE ratio of 32.31, a PEG ratio of 3.01 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The firm has a 50-day moving average price of $381.46 and a two-hundred day moving average price of $421.18.

Motorola Solutions (NYSE:MSI) last released its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company posted $3.74 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend 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 currently 38.84%.

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.