Axa S.A. Reduces Holdings in Motorola Solutions, Inc. $MSI

Axa S.A. trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,677 shares of the communications equipment provider’s stock after selling 12,503 shares during the quarter. Axa S.A. owned approximately 0.06% of Motorola Solutions worth $40,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signature Resources Capital Management LLC purchased a new position in shares of Motorola Solutions in the second quarter worth $25,000. Saudi Central Bank bought a new position in shares of Motorola Solutions during the first quarter valued at about $29,000. Whipplewood Advisors LLC boosted its holdings in shares of Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares during the period. Rossby Financial LCC grew its stake 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 worth $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the second quarter worth about $39,000. Institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $483.50, for a total value 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 represents a 51.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction 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 transaction, the senior vice president owned 14,542 shares of the company’s stock, valued at $7,059,123.06. The trade was a 10.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Motorola Solutions Stock Performance

Shares of MSI stock opened at $371.73 on Wednesday. Motorola Solutions, Inc. has a 12 month low of $365.40 and a 12 month high of $492.22. The stock has a market cap of $61.91 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. 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 company’s fifty day moving average price is $409.73 and its 200-day moving average price is $429.59.

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, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business earned $3.74 EPS. Motorola Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

About Motorola Solutions

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.