Argent Capital Management LLC Sells 28,794 Shares of Motorola Solutions, Inc. $MSI

Argent Capital Management LLC trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 77.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,275 shares of the communications equipment provider’s stock after selling 28,794 shares during the quarter. Argent Capital Management LLC’s holdings in Motorola Solutions were worth $3,172,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MSI. Norges Bank bought a new position in Motorola Solutions in the 2nd quarter valued at approximately $872,307,000. Marshall Wace LLP bought a new stake in shares of Motorola Solutions in the 2nd quarter worth $230,743,000. Capital World Investors raised its stake in shares of Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after purchasing an additional 452,822 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Motorola Solutions by 56.6% during the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after purchasing an additional 435,178 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. Barclays lifted their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Piper Sandler restated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $497.14.

Insider Activity

In related news, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director directly owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This trade represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 28,435 shares of Motorola Solutions stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the transaction, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This trade represents a 23.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,069 shares of company stock valued at $60,779,964 in the last 90 days. Company insiders own 1.44% of the company’s stock.

Motorola Solutions Trading Down 1.5%

Motorola Solutions stock opened at $460.12 on Friday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a market cap of $76.22 billion, a P/E ratio of 36.06, a P/E/G ratio of 3.27 and a beta of 0.96. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The business has a 50-day simple moving average of $436.10 and a two-hundred day simple moving average of $423.32.

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

Motorola Solutions Announces Dividend

The firm 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 dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.93%.

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.