Motorola Solutions, Inc. $MSI Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,885,593 shares of the communications equipment provider’s stock after acquiring an additional 384,479 shares during the quarter. Vanguard Group Inc. owned 13.11% of Motorola Solutions worth $9,202,016,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. boosted its holdings in Motorola Solutions by 11.0% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 664 shares of the communications equipment provider’s stock valued at $279,000 after purchasing an additional 66 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Motorola Solutions by 20.1% in the 2nd quarter. Citigroup Inc. now owns 285,964 shares of the communications equipment provider’s stock valued at $120,237,000 after buying an additional 47,891 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Motorola Solutions by 15.2% in the second quarter. Raiffeisen Bank International AG now owns 213,102 shares of the communications equipment provider’s stock valued at $89,290,000 after buying an additional 28,064 shares in the last quarter. MTM Investment Management LLC acquired a new position in Motorola Solutions during the second quarter worth $80,000. Finally, Kingsview Wealth Management LLC raised its position in 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 worth $3,833,000 after acquiring an additional 24 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO John P. Molloy sold 37,514 shares of Motorola Solutions stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the sale, the chief operating officer owned 59,328 shares in the company, valued at approximately $27,432,080.64. This trade represents a 38.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the transaction, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 148,128 shares of company stock worth $70,431,641 in the last ninety days. 1.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price target (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Barclays decreased their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Evercore ISI increased their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. UBS Group boosted their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.43.

Motorola Solutions Stock Down 1.4%

Shares of NYSE MSI opened at $372.29 on Wednesday. The firm’s 50-day moving average is $439.65 and its two-hundred day moving average is $434.42. The company has a market capitalization of $62.01 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. Motorola Solutions, Inc. has a 12-month low of $371.56 and a 12-month high of $503.62. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.74 EPS. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio is 34.99%.

About Motorola Solutions

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.