Motorola Solutions, Inc. $MSI Shares Sold by Kane Investment Management Inc.

Kane Investment Management Inc. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 18.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,441 shares of the communications equipment provider’s stock after selling 325 shares during the period. Kane Investment Management Inc.’s holdings in Motorola Solutions were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Capital Management LLC raised its stake in shares of Motorola Solutions by 1.0% during the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after buying an additional 24 shares during the period. IFC Advisors LLC grew its position in Motorola Solutions by 0.6% in the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after acquiring an additional 25 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Motorola Solutions by 3.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock worth $295,000 after purchasing an additional 25 shares during the last quarter. Trust Point Inc. raised its stake in shares of Motorola Solutions by 3.9% in the 2nd quarter. Trust Point Inc. now owns 692 shares of the communications equipment provider’s stock valued at $291,000 after acquiring an additional 26 shares during the period. Finally, Hemington Wealth Management boosted its holdings in Motorola Solutions by 17.1% during the 1st quarter. Hemington Wealth Management now owns 185 shares of the communications equipment provider’s stock valued at $80,000 after acquiring an additional 27 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at $7,059,123.06. The trade was a 10.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John P. Molloy sold 37,514 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the sale, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 148,128 shares of company stock valued at $70,431,641. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI opened at $379.44 on Friday. The firm has a fifty day moving average of $443.80 and a 200-day moving average of $435.15. The company has a market cap of $63.20 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. Motorola Solutions, Inc. has a 1 year low of $376.74 and a 1 year high of $503.62.

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

Motorola Solutions Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a $0.0109 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Motorola Solutions’s payout ratio is 34.99%.

Analysts Set New Price Targets

MSI has been the subject of several analyst reports. UBS Group upped their price objective on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Evercore ISI lifted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, Barclays cut their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $506.43.

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.