Alphinity Investment Management Pty Ltd Has $623.48 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Alphinity Investment Management Pty Ltd cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,348,851 shares of the communications equipment provider’s stock after selling 444,656 shares during the quarter. Motorola Solutions comprises 3.4% of Alphinity Investment Management Pty Ltd’s portfolio, making the stock its 16th biggest holding. Alphinity Investment Management Pty Ltd owned 0.81% of Motorola Solutions worth $623,479,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MSI. Autumn Glory Partners LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth approximately $206,000. abrdn plc increased its holdings in shares of Motorola Solutions by 6.7% during the 3rd quarter. abrdn plc now owns 91,996 shares of the communications equipment provider’s stock worth $41,207,000 after acquiring an additional 5,785 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in Motorola Solutions by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock valued at $1,038,000 after buying an additional 22 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in Motorola Solutions by 1.6% in the 3rd quarter. Avitas Wealth Management LLC now owns 7,530 shares of the communications equipment provider’s stock valued at $3,386,000 after buying an additional 119 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in Motorola Solutions by 1.3% during the 3rd quarter. New York State Teachers Retirement System now owns 142,441 shares of the communications equipment provider’s stock worth $64,046,000 after buying an additional 1,797 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Down 0.2 %

Shares of NYSE MSI opened at $425.72 on Thursday. The company has a 50 day simple moving average of $460.64 and a 200 day simple moving average of $460.33. The firm has a market cap of $71.07 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 3.82 and a beta of 1.02. Motorola Solutions, Inc. has a 1 year low of $326.22 and a 1 year high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. On average, research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.02%. Motorola Solutions’s payout ratio is 47.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSI. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James upped their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays decreased their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley increased their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.