Shaker Investments LLC OH Decreases Stock Holdings in Motorola Solutions, Inc. $MSI

Shaker Investments LLC OH lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 23.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,034 shares of the communications equipment provider’s stock after selling 1,510 shares during the quarter. Shaker Investments LLC OH’s holdings in Motorola Solutions were worth $2,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $208,000. CreativeOne Wealth LLC raised its holdings in shares of Motorola Solutions by 42.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,514 shares of the communications equipment provider’s stock valued at $663,000 after buying an additional 448 shares during the period. Vident Advisory LLC lifted its position in Motorola Solutions by 2.1% during the 1st quarter. Vident Advisory LLC now owns 25,579 shares of the communications equipment provider’s stock worth $11,199,000 after acquiring an additional 524 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in Motorola Solutions by 1.6% during the 1st quarter. Orbis Allan Gray Ltd now owns 736,093 shares of the communications equipment provider’s stock worth $322,269,000 after acquiring an additional 11,531 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Motorola Solutions by 130.6% in the 1st quarter. Baird Financial Group Inc. now owns 57,242 shares of the communications equipment provider’s stock worth $25,061,000 after acquiring an additional 32,420 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $376.98 on Friday. The firm’s 50-day simple moving average is $388.59 and its 200-day simple moving average is $425.33. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The firm has a market cap of $62.79 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03.

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

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a $1.21 dividend. 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 yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s dividend payout ratio is 38.84%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 22nd. Barclays dropped their price target 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. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Finally, Piper Sandler restated a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.00.

About Motorola Solutions

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.