Arrowstreet Capital Limited Partnership Trims Stock Holdings in Motorola Solutions, Inc. $MSI

Arrowstreet Capital Limited Partnership lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 37.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,910 shares of the communications equipment provider’s stock after selling 264,220 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.27% of Motorola Solutions worth $187,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSI. Obermeyer Wealth Partners raised its stake in Motorola Solutions by 261.0% in the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after purchasing an additional 5,837 shares during the last quarter. Machina Capital S.A.S. boosted its stake in 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 worth $5,865,000 after purchasing an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Motorola Solutions during the second quarter worth $257,000. Rockline Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at about $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super raised its position in shares of 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 buying an additional 35,374 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MSI shares. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Monday. Evercore ISI boosted their target price on 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 report on Friday, October 31st. Piper Sandler reiterated a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Motorola Solutions in a report on Monday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $495.00.

Insider Activity

In related news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the sale, the chief executive officer directly owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,600 shares of company stock worth $37,476,175 over the last quarter. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Up 1.1%

Shares of NYSE MSI opened at $377.48 on Wednesday. Motorola Solutions, Inc. has a 52-week low of $365.40 and a 52-week high of $500.86. The stock has a market cap of $62.87 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The business has a 50-day moving average price of $418.04 and a 200 day moving average price of $431.37. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm posted $3.74 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

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

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.