Kestra Advisory Services LLC lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,677 shares of the communications equipment provider’s stock after acquiring an additional 4,448 shares during the quarter. Kestra Advisory Services LLC’s holdings in Motorola Solutions were worth $8,775,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of MSI. Western Wealth Management LLC acquired a new position in shares of Motorola Solutions in the first quarter worth about $27,000. Field & Main Bank acquired a new stake in Motorola Solutions during the 2nd quarter valued at $31,000. Lodestone Wealth Management LLC boosted its position in shares of Motorola Solutions by 53.7% in the third quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 29 shares during the period. Essential Partners LLC grew its holdings in shares of Motorola Solutions by 633.3% during the first quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 76 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new position in shares of Motorola Solutions during the third quarter valued at $45,000. 84.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MSI has been the subject of several research analyst reports. UBS Group increased their price objective on Motorola Solutions from $520.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Zacks Research lowered shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Raymond James Financial increased their price objective on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $545.70.
View Our Latest Research Report on MSI
Key Stories Impacting Motorola Solutions
Here are the key news stories impacting Motorola Solutions this week:
- Positive Sentiment: Motorola Solutions beat Q3 earnings expectations, raised its guidance and reported a record backlog. Its shares gained roughly 7% following the results, contrasting with a sharp post-earnings decline for competitor Axon. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
- Negative Sentiment: Several senior leaders reported selling shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares, while the CFO, COO and multiple senior vice presidents also reported sales—about 141,000 shares combined. Such sizable insider selling can concern investors, though the filings alone do not establish the reason for the sales. CEO Form 4 filing CFO Form 4 filing COO Form 4 filing
Insider Transactions at Motorola Solutions
In other news, SVP Rajan Naik sold 10,005 shares of Motorola Solutions stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $512.43, for a total transaction of $5,126,862.15. Following the sale, the senior vice president owned 12,563 shares of the company’s stock, valued at approximately $6,437,658.09. This trade represents a 44.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Molloy sold 40,982 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $514.45, for a total value of $21,083,189.90. Following the completion of the transaction, the chief operating officer owned 69,330 shares of the company’s stock, valued at $35,666,818.50. The trade was a 37.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 156,418 shares of company stock worth $80,087,836. 1.28% of the stock is currently owned by company insiders.
Motorola Solutions Trading Down 0.2%
Shares of NYSE:MSI opened at $526.89 on Wednesday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $548.28. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.85 and a current ratio of 1.10. The company has a market cap of $87.11 billion, a P/E ratio of 42.39, a P/E/G ratio of 2.87 and a beta of 0.86. The stock’s 50-day moving average is $469.63 and its 200-day moving average is $443.19.
Motorola Solutions (NYSE:MSI – Get Free Report) last released its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm posted $4.06 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s payout ratio is currently 38.94%.
Motorola Solutions Company Profile
Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.
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