Federated Hermes Inc. Has $81.57 Million Holdings in Motorola Solutions, Inc. $MSI

Federated Hermes Inc. grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 42.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,997 shares of the communications equipment provider’s stock after buying an additional 57,587 shares during the period. Federated Hermes Inc. owned 0.12% of Motorola Solutions worth $81,568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Signature Resources Capital Management LLC bought a new stake in Motorola Solutions in the 2nd quarter valued at $25,000. Saudi Central Bank bought a new position in Motorola Solutions during the first quarter worth $29,000. Whipplewood Advisors LLC increased its holdings in shares of Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. Rossby Financial LCC raised its position in shares of Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Motorola Solutions in the second quarter valued at about $39,000. 84.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP James A. Niewiara sold 1,700 shares of the business’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 completion of the transaction, the senior vice president directly owned 14,542 shares in the company, valued at approximately $7,059,123.06. The trade was a 10.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s 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 have sold 76,700 shares of company stock valued at $37,046,731 in the last ninety days. 1.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSI. Barclays reduced their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Evercore ISI raised their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Monday, December 1st. Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Motorola Solutions in a report on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $495.00.

Motorola Solutions Trading Up 0.7%

Shares of MSI stock opened at $374.23 on Monday. The stock has a market cap of $62.33 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 2.99 and a beta of 1.00. Motorola Solutions, Inc. has a 1 year low of $365.40 and a 1 year high of $495.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The stock has a 50 day simple moving average of $413.10 and a 200 day simple moving average of $430.28.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The firm 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 118.48% and a net margin of 18.71%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $3.74 EPS. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s payout ratio is presently 34.99%.

Motorola Solutions Company 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.