ABN Amro Investment Solutions Takes Position in Motorola Solutions, Inc. $MSI

ABN Amro Investment Solutions bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,729 shares of the communications equipment provider’s stock, valued at approximately $1,568,000.

Several other hedge funds have also modified their holdings of the company. IFC Advisors LLC raised its stake in Motorola Solutions by 0.6% in the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 25 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Motorola Solutions by 3.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock valued at $295,000 after acquiring an additional 25 shares in the last quarter. Trust Point Inc. raised its position in shares of Motorola Solutions by 3.9% in the 2nd quarter. Trust Point Inc. now owns 692 shares of the communications equipment provider’s stock valued at $291,000 after purchasing an additional 26 shares during the last quarter. Hemington Wealth Management raised its position in shares of Motorola Solutions by 17.1% in the 1st quarter. Hemington Wealth Management now owns 185 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 27 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in Motorola Solutions by 5.1% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 557 shares of the communications equipment provider’s stock worth $234,000 after purchasing an additional 27 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total value of $3,802,242.30. Following the transaction, the senior vice president owned 10,244 shares in the company, valued at approximately $4,860,265.80. The trade was a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 148,128 shares of company stock valued at $70,431,641. 1.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MSI has been the subject of a number of research reports. UBS Group lifted their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Barclays reduced their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Piper Sandler reiterated a “neutral” rating and issued a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Finally, Evercore ISI lifted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $506.43.

Motorola Solutions Trading Down 1.0%

Shares of Motorola Solutions stock opened at $379.44 on Friday. 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 twelve month low of $376.74 and a twelve month high of $503.62. The firm has a market capitalization of $63.20 billion, a PE ratio of 30.55, a P/E/G ratio of 3.46 and a beta of 0.96. The firm’s 50-day moving average price is $443.80 and its 200 day moving average price is $435.15.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.74 EPS. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

Motorola Solutions Profile

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.