Carderock Capital Management Inc. Purchases 1,633 Shares of Motorola Solutions, Inc. $MSI

Carderock Capital Management Inc. grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,408 shares of the communications equipment provider’s stock after buying an additional 1,633 shares during the period. Carderock Capital Management Inc.’s holdings in Motorola Solutions were worth $4,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Covea Finance boosted its holdings in Motorola Solutions by 5.9% in the third quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after acquiring an additional 6,153 shares in the last quarter. Swedbank AB grew its stake 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 acquiring an additional 227,062 shares during the last quarter. Varma Mutual Pension Insurance Co increased its holdings in shares of Motorola Solutions by 8.4% during 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 in the last quarter. Alps Advisors Inc. raised its position in shares of Motorola Solutions by 180.3% in the 3rd quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock valued at $9,100,000 after purchasing an additional 12,799 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research report on Thursday, February 12th. 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. Barclays lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $497.14.

Motorola Solutions Stock Up 1.0%

Motorola Solutions stock opened at $456.75 on Tuesday. The business’s 50-day moving average price is $438.91 and its 200 day moving average price is $422.28. 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 firm has a market cap of $75.67 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 3.17 and a beta of 0.96. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.04 EPS. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.93%.

Insider Buying and Selling at Motorola Solutions

In other news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. This trade represents a 42.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 47,167 shares in the company, valued at $22,078,401.03. This trade represents a 51.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 129,069 shares of company stock valued at $60,779,964. 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.