Donoghue Forlines LLC Takes $2.06 Million Position in Motorola Solutions, Inc. $MSI

Donoghue Forlines LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,508 shares of the communications equipment provider’s stock, valued at approximately $2,061,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valeo Financial Advisors LLC increased its holdings in shares of Motorola Solutions by 2.3% in the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after buying an additional 21 shares in the last quarter. Advisors Capital Management LLC raised its position in shares of Motorola Solutions by 1.0% during the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after purchasing an additional 24 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after purchasing an additional 24 shares during the period. Rexford Capital Inc. lifted its holdings in shares of Motorola Solutions by 0.6% during the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after purchasing an additional 24 shares during the last quarter. Finally, IFC Advisors LLC boosted its position in shares of Motorola Solutions by 0.6% in the 2nd quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after purchasing an additional 25 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 1.7%

MSI stock opened at $401.30 on Friday. The company has a 50 day moving average of $377.29 and a two-hundred day moving average of $422.48. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.99 and a beta of 1.00. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. Motorola Solutions’s dividend payout ratio is 38.84%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 note on Monday, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Finally, Barclays cut their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and an average price target 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.