Motorola Solutions, Inc. $MSI Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 18.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,511 shares of the communications equipment provider’s stock after buying an additional 3,707 shares during the quarter. Osaic Holdings Inc.’s holdings in Motorola Solutions were worth $9,931,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Munro Partners acquired a new position in shares of Motorola Solutions during the second quarter worth about $65,371,000. Thrivent Financial for Lutherans raised its stake in shares of Motorola Solutions by 3.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 69,072 shares of the communications equipment provider’s stock worth $29,042,000 after buying an additional 2,479 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $1,783,000. Stance Capital LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at approximately $2,603,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at approximately $1,284,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MSI. Barclays reduced their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Northcoast Research upgraded 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, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 15th. Piper Sandler reissued a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Finally, Evercore ISI upped their price target on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $495.00.

Motorola Solutions Stock Down 1.0%

MSI stock opened at $369.97 on Friday. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company’s 50 day simple moving average is $395.74 and its 200-day simple moving average is $426.69. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market capitalization of $61.62 billion, a PE ratio of 29.69, a P/E/G ratio of 2.95 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating 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%.Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 EPS. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. 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. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.