Allspring Global Investments Holdings LLC Acquires 6,115 Shares of Motorola Solutions, Inc. $MSI

Allspring Global Investments Holdings LLC raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,944 shares of the communications equipment provider’s stock after buying an additional 6,115 shares during the period. Allspring Global Investments Holdings LLC owned about 0.20% of Motorola Solutions worth $148,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MSI. Signature Resources Capital Management LLC bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $25,000. Whipplewood Advisors LLC raised its position in shares of Motorola Solutions by 289.5% during the 2nd 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 period. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Motorola Solutions during the 3rd quarter valued at $33,000. Rossby Financial LCC boosted its holdings in Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 52 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Motorola Solutions in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $384.07 on Wednesday. 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 firm has a market capitalization of $63.97 billion, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company’s 50-day moving average is $385.89 and its 200 day moving average is $425.03.

Motorola Solutions (NYSE:MSI) last issued its earnings results 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. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted $3.74 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $1.21 dividend. 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 is Monday, December 15th. Motorola Solutions’s payout ratio is 38.84%.

Analysts Set New Price Targets

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