New York State Teachers Retirement System Has $54.06 Million Stock Holdings in Motorola Solutions, Inc. $MSI

New York State Teachers Retirement System trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,228 shares of the communications equipment provider’s stock after selling 14,692 shares during the period. New York State Teachers Retirement System owned about 0.07% of Motorola Solutions worth $54,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares in the last quarter. State Street Corp increased its holdings in Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after purchasing an additional 101,408 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Motorola Solutions by 1.2% in the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Motorola Solutions by 0.8% during the second quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after buying an additional 27,206 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Motorola Solutions during the second quarter valued at approximately $872,307,000. 84.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSI has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Barclays reduced their target price on shares of 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 raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Finally, Northcoast Research raised 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 report on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Stock Up 0.4%

MSI stock opened at $383.31 on Monday. The stock has a fifty day moving average of $377.28 and a 200-day moving average of $423.46. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a market capitalization of $63.84 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.86 and a beta of 1.00. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company’s revenue 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. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

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