Barclays PLC Purchases 26,242 Shares of Motorola Solutions, Inc. $MSI

Barclays PLC increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 688,817 shares of the communications equipment provider’s stock after buying an additional 26,242 shares during the period. Barclays PLC owned 0.41% of Motorola Solutions worth $314,989,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSI. Covea Finance grew its holdings in Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after buying an additional 6,153 shares during the last quarter. Swedbank AB lifted its holdings in shares of Motorola Solutions by 20.3% during the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after buying an additional 227,062 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Motorola Solutions by 180.3% during the third quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock worth $9,100,000 after buying an additional 12,799 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its position in shares of Motorola Solutions by 8.4% in the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock valued at $13,582,000 after acquiring an additional 2,300 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Motorola Solutions by 1.2% in the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after acquiring an additional 51,474 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the sale, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at $22,078,401.03. This trade represents a 51.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $461.11 on Friday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The firm’s 50-day moving average price is $420.96 and its two-hundred day moving average price is $423.19. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 3.27 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the business earned $4.04 EPS. Motorola Solutions’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be issued 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 (DPR) is currently 37.93%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MSI. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Piper Sandler restated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. 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 report on Monday, December 1st. Finally, Barclays lifted their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $497.14.

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.