Motorola Solutions, Inc. $MSI Shares Purchased by Dakota Wealth Management

Dakota Wealth Management grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 239.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,300 shares of the communications equipment provider’s stock after purchasing an additional 1,623 shares during the quarter. Dakota Wealth Management’s holdings in Motorola Solutions were worth $1,052,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in Motorola Solutions in the fourth quarter worth about $208,000. Sivia Capital Partners LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $210,000. D.A. Davidson & CO. raised its holdings in shares of Motorola Solutions by 24.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,341 shares of the communications equipment provider’s stock worth $564,000 after purchasing an additional 262 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Motorola Solutions by 83.3% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,113 shares of the communications equipment provider’s stock valued at $890,000 after purchasing an additional 960 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Motorola Solutions during the second quarter worth approximately $1,393,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MSI shares. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Barclays upped their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $497.14.

Motorola Solutions Trading Up 0.0%

NYSE:MSI opened at $471.48 on Friday. The stock has a market cap of $78.11 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. 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 debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The stock’s 50-day moving average is $408.90 and its two-hundred day moving average is $422.73.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the firm earned $4.04 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio is 37.93%.

Insider Activity

In related news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the completion of the sale, the chief executive officer owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. This trade represents a 51.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.44% of the company’s stock.

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.