CPC Advisors LLC Sells 4,022 Shares of Motorola Solutions, Inc. $MSI

CPC Advisors LLC trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI) by 85.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 678 shares of the communications equipment provider’s stock after selling 4,022 shares during the period. CPC Advisors LLC’s holdings in Motorola Solutions were worth $260,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Rexford Capital Inc. lifted its stake in shares of Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after purchasing an additional 24 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Motorola Solutions by 0.9% in the 3rd quarter. Signaturefd LLC now owns 2,871 shares of the communications equipment provider’s stock valued at $1,313,000 after purchasing an additional 25 shares during the last quarter. CX Institutional lifted its stake in shares of Motorola Solutions by 2.0% in the 3rd quarter. CX Institutional now owns 1,313 shares of the communications equipment provider’s stock valued at $600,000 after purchasing an additional 26 shares during the last quarter. United Community Bank lifted its stake 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 purchasing an additional 26 shares during the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of Motorola Solutions by 16.6% in the 3rd quarter. Hemington Wealth Management now owns 190 shares of the communications equipment provider’s stock valued at $86,000 after purchasing an additional 27 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at approximately $22,078,401.03. This trade represents a 51.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 129,069 shares of company stock worth $60,779,964. 1.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Barclays increased their price target on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $502.50.

Motorola Solutions Trading Down 1.0%

MSI opened at $441.18 on Thursday. The stock’s fifty day moving average is $454.91 and its two-hundred day moving average is $418.30. The company has a market capitalization of $73.32 billion, a P/E ratio of 34.58, a PEG ratio of 3.11 and a beta of 0.99. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $4.04 EPS. Analysts forecast that Motorola Solutions, Inc. will post 15.25 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th were issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Motorola Solutions Company Profile

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.