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

NorthCrest Asset Manangement LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 87.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its position in Motorola Solutions by 2.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock worth $397,000 after purchasing an additional 21 shares in the last quarter. Advisors Capital Management LLC increased its holdings in shares of Motorola Solutions by 1.0% during the second 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 in the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Motorola Solutions by 0.3% during 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. Rexford Capital Inc. boosted its holdings in shares of Motorola Solutions by 0.6% during the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after acquiring an additional 24 shares in the last quarter. Finally, IFC Advisors LLC grew its position in Motorola Solutions by 0.6% during the 2nd 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 last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 1.0%

Motorola Solutions stock opened at $394.94 on Thursday. The firm has a market cap of $65.78 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.92 and a beta of 1.00. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The firm has a 50 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 data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the company posted $3.74 earnings per share. Motorola Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. 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%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

Analysts Set New Price Targets

MSI has been the subject of several research reports. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Barclays cut 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 report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report 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 price target for the company in a research note on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $491.86.

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.