Motorola Solutions, Inc. $MSI Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,895 shares of the communications equipment provider’s stock after selling 735 shares during the period. Cumberland Partners Ltd’s holdings in Motorola Solutions were worth $7,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at about $208,000. Private Advisor Group LLC lifted its position in Motorola Solutions by 3.1% during the first quarter. Private Advisor Group LLC now owns 4,280 shares of the communications equipment provider’s stock valued at $1,874,000 after buying an additional 129 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Motorola Solutions by 17.6% during the first quarter. J.W. Cole Advisors Inc. now owns 3,487 shares of the communications equipment provider’s stock worth $1,527,000 after buying an additional 523 shares during the period. Advisors Preferred LLC increased its position in shares of Motorola Solutions by 87.0% in the first quarter. Advisors Preferred LLC now owns 1,689 shares of the communications equipment provider’s stock worth $736,000 after acquiring an additional 786 shares in the last quarter. Finally, Roundview Capital LLC raised its stake in shares of Motorola Solutions by 44.7% in the 1st quarter. Roundview Capital LLC now owns 10,410 shares of the communications equipment provider’s stock valued at $4,558,000 after acquiring an additional 3,217 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MSI. UBS Group upped their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Barclays decreased their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Evercore ISI raised their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $506.43.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president owned 10,244 shares of the company’s stock, valued at $4,860,265.80. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the sale, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 110,614 shares of company stock worth $53,085,917 over the last quarter. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Down 0.3%

Shares of NYSE:MSI opened at $371.10 on Thursday. The firm has a market cap of $61.81 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The company has a fifty day simple moving average of $437.44 and a 200 day simple moving average of $433.98. 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 12-month low of $368.17 and a 12-month high of $503.62.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data 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. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The firm’s 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 EPS. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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. This represents a $4.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s dividend payout ratio is presently 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.