Brookstone Capital Management Purchases 3,463 Shares of Motorola Solutions, Inc. $MSI

Brookstone Capital Management boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,309 shares of the communications equipment provider’s stock after buying an additional 3,463 shares during the period. Brookstone Capital Management’s holdings in Motorola Solutions were worth $7,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Covea Finance lifted its stake in Motorola Solutions by 5.9% during the third quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after purchasing an additional 6,153 shares during the period. Swedbank AB grew its stake in shares of Motorola Solutions by 20.3% in the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock valued at $615,280,000 after purchasing an additional 227,062 shares during the period. Capital World Investors grew its stake 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 period. Varma Mutual Pension Insurance Co raised its holdings in shares of Motorola Solutions by 8.4% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after buying an additional 2,300 shares in the last quarter. Finally, Barden Capital Management Inc. acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $1,462,000. Institutional investors own 84.17% of the company’s stock.

Insider Activity

In related news, CEO Gregory Q. Brown sold 28,435 shares of Motorola Solutions stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the transaction, the chief executive officer directly owned 90,721 shares of the company’s stock, valued at $43,360,101.95. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’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 transaction, the chief executive officer owned 9,529 shares in the company, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 129,069 shares of company stock worth $60,779,964. 1.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on MSI. Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Piper Sandler reiterated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Truist Financial started coverage on shares of Motorola Solutions in a report on Tuesday. They issued a “buy” rating and a $540.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $502.50.

Motorola Solutions Stock Up 0.1%

Shares of MSI opened at $434.19 on Thursday. The company has a market capitalization of $71.93 billion, a P/E ratio of 34.03, a PEG ratio of 3.04 and a beta of 0.99. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The business’s 50 day simple moving average is $445.40 and its 200-day simple moving average is $420.70.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating 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 firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm posted $4.04 EPS. The business’s revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS 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. Stockholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is 37.93%.

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.