Frank Rimerman Advisors LLC Sells 236 Shares of Motorola Solutions, Inc. $MSI

Frank Rimerman Advisors LLC reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,775 shares of the communications equipment provider’s stock after selling 236 shares during the period. Frank Rimerman Advisors LLC’s holdings in Motorola Solutions were worth $746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Citigroup Inc. increased its stake 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 worth $120,237,000 after purchasing an additional 47,891 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in Motorola Solutions by 15.2% during 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 purchasing an additional 28,064 shares during the period. MTM Investment Management LLC bought a new stake in Motorola Solutions during the second quarter valued at about $80,000. Kingsview Wealth Management LLC increased 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 buying an additional 24 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Motorola Solutions by 9.1% in the second quarter. Citizens Financial Group Inc. RI now owns 8,762 shares of the communications equipment provider’s stock worth $3,684,000 after buying an additional 730 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the transaction, the chief executive officer directly owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. 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 business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the sale, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,614 shares of company stock valued at $53,085,917 in the last quarter. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $371.10 on Thursday. The company has a market cap of $61.81 billion, a P/E ratio of 29.88, a P/E/G ratio of 3.46 and a beta of 0.96. Motorola Solutions, Inc. has a 52-week low of $368.17 and a 52-week high of $503.62. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The firm’s fifty day moving average is $437.44 and its two-hundred day moving average is $433.98.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.74 EPS. As a group, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.3%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

Analyst Upgrades and Downgrades

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

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.