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

by · The Markets Daily

Whittier Trust Co. lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 20.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,384 shares of the communications equipment provider’s stock after selling 14,905 shares during the quarter. Whittier Trust Co.’s holdings in Motorola Solutions were worth $26,895,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in Motorola Solutions during the second quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at approximately $25,000. Whipplewood Advisors LLC boosted its stake in shares of 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 acquiring an additional 55 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $33,000. Finally, Rossby Financial LCC increased its stake in Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on MSI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a report on Monday, December 1st. Finally, Barclays cut 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 report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

Get Our Latest Stock Report on Motorola Solutions

Motorola Solutions Trading Up 1.0%

Shares of MSI stock opened at $401.60 on Friday. The company has a market capitalization of $66.89 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 3.00 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 $378.22 and a 200 day moving average price of $421.58. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.74 earnings per share. Research 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 was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. 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%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is currently 38.84%.

Motorola Solutions Profile

(Free Report)

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.

See Also

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