NorthCrest Asset Manangement LLC Has $652,000 Stake in Motorola Solutions, Inc. $MSI

NorthCrest Asset Manangement LLC lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 87.7% during the third quarter, Holdings Channel reports. The fund owned 1,423 shares of the communications equipment provider’s stock after selling 10,142 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Motorola Solutions were worth $652,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Signature Resources Capital Management LLC acquired a new position in shares of Motorola Solutions during the second quarter valued at about $25,000. Whipplewood Advisors LLC increased its position in Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in Motorola Solutions in the 3rd quarter valued at about $33,000. Rossby Financial LCC raised its stake in Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 52 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in Motorola Solutions in the third quarter worth approximately $38,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays decreased their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $465.00 to $443.00 in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $491.86.

Motorola Solutions Stock Up 1.0%

Shares of NYSE:MSI opened at $394.94 on Thursday. The company has a market capitalization of $65.78 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.92 and a beta of 1.00. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The business has a fifty day moving average price of $377.49 and a two-hundred day moving average price of $421.89.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.74 earnings per share. Analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were issued a $1.21 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is presently 38.84%.

Motorola Solutions Profile

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.