Motorola Solutions, Inc. $MSI Stock Position Lowered by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its position in Motorola Solutions, Inc. (NYSE:MSI) by 21.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,600 shares of the communications equipment provider’s stock after selling 1,264 shares during the quarter. Ritholtz Wealth Management’s holdings in Motorola Solutions were worth $1,763,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $25,000. United Community Bank lifted its position in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $28,000. JPL Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.3%

Motorola Solutions stock opened at $439.50 on Tuesday. The firm has a market cap of $73.04 billion, a PE ratio of 34.44, a P/E/G ratio of 3.03 and a beta of 0.99. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The firm’s 50 day moving average price is $451.45 and its two-hundred day moving average price is $418.61. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.04 EPS. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

Several equities research analysts recently commented on MSI shares. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Piper Sandler restated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $502.50.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the sale, the chief executive officer directly owned 90,721 shares of the company’s stock, valued at $43,360,101.95. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This represents a 42.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,069 shares of company stock valued at $60,779,964 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.

About Motorola Solutions

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.