Copeland Capital Management LLC Sells 1,657 Shares of Motorola Solutions, Inc. $MSI

Copeland Capital Management LLC reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 34,753 shares of the communications equipment provider’s stock after selling 1,657 shares during the period. Copeland Capital Management LLC’s holdings in Motorola Solutions were worth $15,893,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MSI. Covea Finance boosted its position in shares of Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after purchasing an additional 6,153 shares in the last quarter. Obermeyer Wealth Partners raised its stake in Motorola Solutions by 261.0% in the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after buying an additional 5,837 shares during the last quarter. Machina Capital S.A.S. boosted its holdings in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after acquiring an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Motorola Solutions during the second quarter worth about $257,000. Finally, Rockline Wealth Management LLC acquired a new position in shares of Motorola Solutions during the second quarter valued at about $333,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 0.0%

NYSE:MSI opened at $377.21 on Tuesday. 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 fifty day moving average price is $387.17 and its 200-day moving average price is $425.20. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The firm has a market capitalization of $62.82 billion, a P/E ratio of 30.27, a PEG ratio of 3.00 and a beta of 1.00.

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

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.3%. 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. Motorola Solutions’s dividend payout ratio is 38.84%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Piper Sandler reiterated a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Barclays dropped their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 22nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $495.00.

Motorola Solutions Company Profile

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.