Trustmark Bank Trust Department Sells 393 Shares of Motorola Solutions, Inc. $MSI

Trustmark Bank Trust Department reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,496 shares of the communications equipment provider’s stock after selling 393 shares during the period. Trustmark Bank Trust Department’s holdings in Motorola Solutions were worth $1,890,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC lifted its stake in Motorola Solutions by 4.0% during the second quarter. Lido Advisors LLC now owns 13,737 shares of the communications equipment provider’s stock worth $5,781,000 after purchasing an additional 532 shares during the last quarter. Berry Wealth Group LP raised its holdings in shares of Motorola Solutions by 0.6% during the 2nd quarter. Berry Wealth Group LP now owns 16,229 shares of the communications equipment provider’s stock valued at $6,824,000 after buying an additional 97 shares in the last quarter. New York State Common Retirement Fund lifted its position in Motorola Solutions by 1.6% in the 2nd quarter. New York State Common Retirement Fund now owns 206,394 shares of the communications equipment provider’s stock worth $86,780,000 after buying an additional 3,219 shares during the last quarter. West Family Investments Inc. lifted its position in Motorola Solutions by 120.4% in the 2nd quarter. West Family Investments Inc. now owns 3,375 shares of the communications equipment provider’s stock worth $1,419,000 after buying an additional 1,844 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Motorola Solutions by 7.6% in the second quarter. Mackenzie Financial Corp now owns 978,248 shares of the communications equipment provider’s stock worth $411,314,000 after buying an additional 69,516 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.0%

NYSE MSI opened at $369.68 on Friday. The firm has a market capitalization of $61.57 billion, a PE ratio of 29.76, a P/E/G ratio of 3.46 and a beta of 0.96. The stock’s 50 day moving average is $421.86 and its 200 day moving average is $431.93. Motorola Solutions, Inc. has a twelve month low of $365.40 and a twelve month high of $503.62. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $3.74 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share 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. Shareholders of record on Monday, December 15th will be paid a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

Insiders Place Their Bets

In other news, SVP Rajan Naik sold 8,014 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the transaction, the senior vice president owned 10,244 shares in the company, valued at approximately $4,860,265.80. This represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares of the company’s stock, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 85,614 shares of company stock valued at $41,278,417. 1.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Motorola Solutions in a research note on Monday, November 24th. Evercore ISI raised 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. Piper Sandler reiterated a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. UBS Group increased their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Barclays reduced their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $502.50.

Motorola Solutions Company 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.