Corient Private Wealth LLC Has $58.08 Million Stock Position in Motorola Solutions, Inc. $MSI

Corient Private Wealth LLC lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,137 shares of the communications equipment provider’s stock after purchasing an additional 20,601 shares during the period. Corient Private Wealth LLC owned 0.08% of Motorola Solutions worth $58,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. Signature Resources Capital Management LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth about $25,000. Saudi Central Bank acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $29,000. Whipplewood Advisors LLC boosted its stake in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares during the last quarter. Rossby Financial LCC grew its holdings in Motorola Solutions by 148.6% during 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 stake in Motorola Solutions in the second quarter valued at approximately $39,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $364.77 on Tuesday. The stock has a 50-day moving average price of $402.79 and a two-hundred day moving average price of $428.12. Motorola Solutions, Inc. has a 1 year low of $361.32 and a 1 year high of $492.22. The stock has a market cap of $60.75 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.Motorola Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.74 earnings per share. Equities analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm 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. 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%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSI. Evercore ISI lifted their price target 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. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 8th. Barclays lowered their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $495.00.

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.