Czech National Bank Purchases 1,605 Shares of Motorola Solutions, Inc. $MSI

Czech National Bank raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,919 shares of the communications equipment provider’s stock after purchasing an additional 1,605 shares during the quarter. Czech National Bank’s holdings in Motorola Solutions were worth $16,835,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MSI. Orion Capital Management LLC bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $25,000. United Community Bank raised its holdings in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares during the period. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $28,000. JPL Wealth Management LLC purchased a new position in Motorola Solutions during the 3rd quarter valued at $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Motorola Solutions during the 3rd quarter valued at $33,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.3%

Shares of NYSE MSI opened at $449.63 on Friday. 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 fifty day simple moving average of $442.52 and a two-hundred day simple moving average of $422.49. The firm has a market cap of $74.49 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 3.15 and a beta of 0.96. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSI) last issued its earnings results 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 business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.04 EPS. Analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be issued 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 is presently 37.93%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Monday, December 1st. Barclays boosted their target price 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. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted 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, Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $497.14.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were 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 represents a 51.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 in the last three months. 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.