Sanders Morris Harris LLC Takes Position in Motorola Solutions, Inc. $MSI

by · The Cerbat Gem

Sanders Morris Harris LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,735 shares of the communications equipment provider’s stock, valued at approximately $2,165,000.

Other large investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its position in shares of Motorola Solutions by 2.3% in the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock worth $397,000 after buying an additional 21 shares during the period. Advisors Capital Management LLC lifted its position in Motorola Solutions by 1.0% during the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after acquiring an additional 24 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Motorola Solutions by 0.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after acquiring an additional 24 shares in the last quarter. IFC Advisors LLC boosted its holdings in Motorola Solutions by 0.6% in the 2nd quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after acquiring an additional 25 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Motorola Solutions by 3.7% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock valued at $295,000 after acquiring an additional 25 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $363.92 on Wednesday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The firm’s 50-day simple moving average is $400.91 and its 200-day simple moving average is $427.75. The firm has a market cap of $60.61 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99.

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

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MSI. Piper Sandler restated a “neutral” rating and issued a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Barclays cut their price objective 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. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday. Finally, Evercore ISI lifted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $495.00.

View Our Latest Stock Report on MSI

Motorola Solutions Company Profile

(Free Report)

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.

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