Quadrant Capital Group LLC Has $2.53 Million Stock Position in Motorola Solutions, Inc. $MSI

Quadrant Capital Group LLC lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 35.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,521 shares of the communications equipment provider’s stock after acquiring an additional 1,431 shares during the period. Quadrant Capital Group LLC’s holdings in Motorola Solutions were worth $2,525,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Motorola Solutions in the 3rd quarter worth approximately $25,000. United Community Bank raised its stake in Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions in the third quarter valued at $33,000. Field & Main Bank purchased a new stake in shares of Motorola Solutions in the third quarter valued at $35,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Motorola Solutions in the third quarter worth $38,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.4%

MSI stock opened at $462.30 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a fifty day simple moving average of $425.74 and a 200 day simple moving average of $422.91. The firm has a market cap of $76.58 billion, a PE ratio of 36.23, a PEG ratio of 3.25 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business posted $4.04 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

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

Insider Activity

In related news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was 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 approximately $4,488,254.29. This trade represents a 42.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 129,069 shares of company stock valued at $60,779,964. Insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSI. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. 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 research note on Monday, December 1st. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. upped their target price on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $497.14.

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.