Bank of Montreal Can Has $314.55 Million Stake in Motorola Solutions, Inc. $MSI

Bank of Montreal Can grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 687,845 shares of the communications equipment provider’s stock after purchasing an additional 42,631 shares during the period. Bank of Montreal Can owned approximately 0.41% of Motorola Solutions worth $314,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Motorola Solutions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after acquiring an additional 286,366 shares in the last quarter. State Street Corp grew its stake in shares of Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after acquiring an additional 101,408 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Motorola Solutions by 1.2% during the 2nd 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 in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Motorola Solutions by 0.8% in the second quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after purchasing an additional 27,206 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Motorola Solutions in the second quarter valued at approximately $872,307,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. The trade was a 5.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’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 directly owned 47,167 shares in the company, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 129,069 shares of company stock valued at $60,779,964 in the last quarter. Company insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Northcoast Research upgraded 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 note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $497.14.

Motorola Solutions Trading Down 0.7%

Shares of Motorola Solutions stock opened at $457.75 on Tuesday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The stock has a market cap of $75.83 billion, a P/E ratio of 35.87, a P/E/G ratio of 3.23 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’s 50 day moving average is $422.57 and its 200-day moving average is $422.62.

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, beating the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm’s revenue for the quarter 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. Equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

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

About Motorola Solutions

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.