Charles Schwab Investment Management Inc. Buys 7,662 Shares of Motorola Solutions, Inc. $MSI

Charles Schwab Investment Management Inc. grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 967,548 shares of the communications equipment provider’s stock after acquiring an additional 7,662 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Motorola Solutions were worth $406,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSI. Obermeyer Wealth Partners grew its position in Motorola Solutions by 261.0% during the second 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 in the last quarter. Machina Capital S.A.S. boosted its position in shares of Motorola Solutions by 345.3% during the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after acquiring an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of Motorola Solutions during the second quarter worth about $257,000. Rockline Wealth Management LLC bought a new position in shares of Motorola Solutions in the second quarter worth approximately $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super raised its stake in Motorola Solutions by 101.5% in the second quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after purchasing an additional 35,374 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Trading Down 0.3%

Motorola Solutions stock opened at $367.90 on Tuesday. The business’s fifty day moving average is $430.37 and its 200 day moving average is $433.23. Motorola Solutions, Inc. has a one year low of $365.40 and a one year high of $503.62. The stock has a market capitalization of $61.28 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54.

Motorola Solutions (NYSE:MSI) last released 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 net margin of 19.08% and a return on equity of 134.30%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company earned $3.74 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

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

Insider Activity at Motorola Solutions

In other news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares of the company’s stock, valued at $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president directly owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 110,614 shares of company stock worth $53,085,917. 1.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Evercore ISI increased their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays dropped their price target 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. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $506.43.

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.