GWN Securities Inc. Purchases Shares of 5,438 Motorola Solutions, Inc. $MSI

GWN Securities Inc. purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,438 shares of the communications equipment provider’s stock, valued at approximately $2,582,000.

Several other hedge funds have also recently modified their holdings of MSI. Liberty One Investment Management LLC purchased a new stake in Motorola Solutions during the 3rd quarter worth approximately $48,562,000. Quent Capital LLC acquired a new position in shares of Motorola Solutions in the third quarter valued at about $137,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Motorola Solutions by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,595 shares of the communications equipment provider’s stock worth $191,419,000 after purchasing an additional 3,821 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Motorola Solutions during the third quarter worth about $100,000. Finally, MGO One Seven LLC lifted its holdings in shares of Motorola Solutions by 914.7% during the third quarter. MGO One Seven LLC now owns 28,928 shares of the communications equipment provider’s stock worth $13,229,000 after purchasing an additional 26,077 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

NYSE:MSI opened at $390.44 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 cap of $65.03 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company has a 50 day moving average price of $377.07 and a 200-day moving average price of $423.05. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The firm 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 firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.74 earnings per share. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared 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. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is currently 38.84%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSI. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Monday, December 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Finally, Barclays lowered their price target 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. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions 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.