New York State Teachers Retirement System Sells 14,692 Shares of Motorola Solutions, Inc. $MSI

by · The Markets Daily

New York State Teachers Retirement System cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 11.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 118,228 shares of the communications equipment provider’s stock after selling 14,692 shares during the period. New York State Teachers Retirement System’s holdings in Motorola Solutions were worth $54,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covea Finance boosted its holdings in shares of Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after purchasing an additional 6,153 shares in the last quarter. Obermeyer Wealth Partners lifted its position in Motorola Solutions by 261.0% in the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after buying an additional 5,837 shares during the last quarter. Machina Capital S.A.S. boosted its stake in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after buying an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in Motorola Solutions during the second quarter valued at approximately $257,000. Finally, Swedbank AB raised its stake in shares of Motorola Solutions by 20.3% during the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after acquiring an additional 227,062 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $383.31 on Monday. The firm has a market cap of $63.84 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.86 and a beta of 1.00. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month 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. The company’s fifty day simple moving average is $377.28 and its two-hundred day simple moving average is $423.46.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.85 by $0.21. The firm 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 prior year, the firm posted $3.74 earnings per share. As a group, equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

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

Wall Street Analyst Weigh In

MSI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Monday, December 1st. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $465.00 to $443.00 in a research note on Monday, January 5th. Finally, Barclays lowered their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $491.86.

View Our Latest Analysis on Motorola Solutions

Motorola Solutions Company 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.

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