Dorsey Wright & Associates Increases Stock Holdings in Motorola Solutions, Inc. $MSI

Dorsey Wright & Associates grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 21.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 905 shares of the communications equipment provider’s stock after purchasing an additional 159 shares during the period. Dorsey Wright & Associates’ holdings in Motorola Solutions were worth $381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FineMark National Bank & Trust acquired a new stake in Motorola Solutions during the 2nd quarter worth approximately $260,000. Stonebrook Private Inc. grew its stake in shares of Motorola Solutions by 1.9% in the second quarter. Stonebrook Private Inc. now owns 13,757 shares of the communications equipment provider’s stock worth $5,783,000 after acquiring an additional 258 shares in the last quarter. Highview Capital Management LLC DE purchased a new stake in shares of Motorola Solutions during the second quarter worth $1,165,000. Wealthspire Advisors LLC raised its stake in shares of Motorola Solutions by 97.0% in the second quarter. Wealthspire Advisors LLC now owns 1,927 shares of the communications equipment provider’s stock valued at $810,000 after acquiring an additional 949 shares in the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Motorola Solutions by 24.6% in the second quarter. Portside Wealth Group LLC now owns 593 shares of the communications equipment provider’s stock valued at $249,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other news, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the sale, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the transaction, the senior vice president owned 10,244 shares in the company, valued at $4,860,265.80. This trade represents a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 148,128 shares of company stock worth $70,431,641 in the last quarter. 1.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group upped their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Evercore ISI upped their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Barclays reduced 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. Piper Sandler reiterated a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. 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, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $506.43.

Motorola Solutions Stock Down 1.4%

MSI stock opened at $372.29 on Wednesday. The stock has a market cap of $62.01 billion, a P/E ratio of 29.97, a PEG ratio of 3.46 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a twelve month low of $371.56 and a twelve month high of $503.62. The company’s 50 day moving average is $439.65 and its two-hundred day moving average is $434.42.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the firm posted $3.74 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts expect 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. Investors of record on Monday, December 15th will be given a $1.21 dividend. This is a positive change 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 payout ratio is currently 34.99%.

About Motorola Solutions

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.