Caprock Group LLC Invests $2.03 Million in Motorola Solutions, Inc. $MSI

Caprock Group LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,290 shares of the communications equipment provider’s stock, valued at approximately $2,027,000.

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

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $462.19 on Friday. The stock has a market cap of $76.98 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.39 and a beta of 1.00. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.86 and a current ratio of 1.04. The stock’s fifty day moving average is $392.04 and its 200 day moving average is $421.33. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.

Motorola Solutions (NYSE:MSIGet Free Report) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the previous year, the company posted $4.04 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company 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 is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is presently 37.93%.

More Motorola Solutions News

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Analysts Set New Price Targets

Several research analysts have recently weighed in 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 report on Monday, December 1st. Morgan Stanley reiterated an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research note on Thursday. Piper Sandler reissued an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.14.

Check Out Our Latest Stock Report on Motorola Solutions

Motorola Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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