Motorola Solutions, Inc. $MSI Shares Acquired by Banque Transatlantique SA

Banque Transatlantique SA grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 16.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 131,193 shares of the communications equipment provider’s stock after buying an additional 18,871 shares during the period. Motorola Solutions accounts for approximately 1.5% of Banque Transatlantique SA’s portfolio, making the stock its 15th largest position. Banque Transatlantique SA owned about 0.08% of Motorola Solutions worth $59,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its stake in Motorola Solutions by 2.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after buying an additional 21 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after acquiring an additional 24 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Motorola Solutions by 0.3% in the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after acquiring an additional 24 shares in the last quarter. Rexford Capital Inc. increased its stake in shares of Motorola Solutions by 0.6% during the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock worth $1,780,000 after acquiring an additional 24 shares during the period. Finally, SageView Advisory Group LLC increased its position in Motorola Solutions by 5.3% during the 2nd quarter. SageView Advisory Group LLC now owns 498 shares of the communications equipment provider’s stock worth $214,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory Q. Brown sold 28,435 shares of the company’s stock in a transaction that occurred 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 directly owned 90,721 shares of the company’s stock, valued at $43,360,101.95. This trade represents a 23.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 129,069 shares of company stock valued at $60,779,964. Company insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price 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. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Morgan Stanley restated 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 reiterated 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. Finally, Barclays raised their price objective on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $497.14.

Motorola Solutions Stock Performance

Shares of MSI opened at $473.41 on Friday. The firm has a market cap of $78.43 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 3.24 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. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The business’s 50 day moving average is $429.21 and its two-hundred day moving average is $423.29.

Motorola Solutions (NYSE:MSI) last released 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. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the firm earned $4.04 EPS. The company’s revenue was up 12.3% on a year-over-year basis. Analysts forecast 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. Shareholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.0%. Motorola Solutions’s payout ratio is presently 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.