QRG Capital Management Inc. Sells 9,239 Shares of Motorola Solutions, Inc. $MSI

QRG Capital Management Inc. cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 60.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,964 shares of the communications equipment provider’s stock after selling 9,239 shares during the quarter. QRG Capital Management Inc.’s holdings in Motorola Solutions were worth $2,727,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions in the second quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions during the 3rd quarter valued at $33,000. Whipplewood Advisors LLC raised its position in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $38,000. Finally, Rossby Financial LCC lifted its position in shares of Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after buying an additional 52 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Up 1.7%

Shares of NYSE MSI opened at $401.30 on Tuesday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market capitalization of $66.84 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.99 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The business has a 50-day moving average of $377.44 and a 200-day moving average of $422.32.

Motorola Solutions (NYSE:MSI) last issued its quarterly 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 firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a $1.21 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is currently 38.84%.

Wall Street Analyst Weigh In

MSI has been the subject of several recent research reports. 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 upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Barclays dropped their price objective on 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 reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $491.86.

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.