Motorola Solutions, Inc. $MSI Shares Sold by Berry Wealth Group LP

Berry Wealth Group LP trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 71.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,612 shares of the communications equipment provider’s stock after selling 11,617 shares during the quarter. Motorola Solutions makes up approximately 6.9% of Berry Wealth Group LP’s holdings, making the stock its 7th largest position. Berry Wealth Group LP’s holdings in Motorola Solutions were worth $2,109,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MSI. Orion Capital Management LLC bought a new position in shares of Motorola Solutions in the 3rd quarter worth about $25,000. United Community Bank raised its stake in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in Motorola Solutions in the third quarter valued at approximately $33,000. Field & Main Bank bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $35,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $38,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $467.10 on Friday. The stock’s 50 day moving average price is $419.28 and its 200 day moving average price is $423.20. 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 has a market cap of $77.38 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 3.35 and a beta of 0.96. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

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

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a dividend of $1.21 per share. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is 37.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MSI shares. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a report on Thursday, February 12th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $497.14.

Insider Activity

In related news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the sale, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction that occurred 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 transaction, the chief executive officer owned 47,167 shares in the company, valued at approximately $22,078,401.03. This trade represents a 51.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 100,634 shares of company stock worth $47,189,456. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Company 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.