Motorola Solutions, Inc. $MSI Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 32.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 219,390 shares of the communications equipment provider’s stock after selling 105,554 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Motorola Solutions worth $83,592,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MSI. Revolve Wealth Partners LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $208,000. Sivia Capital Partners LLC purchased a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $210,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Motorola Solutions by 23.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,296 shares of the communications equipment provider’s stock worth $4,329,000 after acquiring an additional 1,947 shares during the last quarter. Lido Advisors LLC lifted its stake in Motorola Solutions by 4.0% during the 2nd quarter. Lido Advisors LLC now owns 13,737 shares of the communications equipment provider’s stock worth $5,781,000 after acquiring an additional 532 shares in the last quarter. Finally, VestGen Advisors LLC boosted its holdings in Motorola Solutions by 2.7% during the 2nd quarter. VestGen Advisors LLC now owns 3,040 shares of the communications equipment provider’s stock valued at $1,292,000 after acquiring an additional 79 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This trade represents a 5.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the transaction, the chief executive officer owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. The trade was 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. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI opened at $433.78 on Wednesday. The company’s 50 day simple moving average is $444.62 and its 200-day simple moving average is $420.61. The firm has a market cap of $71.86 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.99 and a beta of 0.96. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the business earned $4.04 EPS. Motorola Solutions’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler restated an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Truist Financial started coverage on Motorola Solutions in a research report on Tuesday. They issued a “buy” rating and a $540.00 price target on the stock. Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $502.50.

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.