Stance Capital LLC Acquires 2,223 Shares of Motorola Solutions, Inc. $MSI

Stance Capital LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 35.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,413 shares of the communications equipment provider’s stock after acquiring an additional 2,223 shares during the period. Motorola Solutions accounts for approximately 1.4% of Stance Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Stance Capital LLC’s holdings in Motorola Solutions were worth $3,847,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MSI. Valeo Financial Advisors LLC lifted its stake in Motorola Solutions by 2.3% in the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock worth $397,000 after acquiring an additional 21 shares during the period. Kingsview Wealth Management LLC increased its position in Motorola Solutions by 0.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after purchasing an additional 24 shares during the period. Rexford Capital Inc. raised its holdings in Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock worth $1,780,000 after purchasing an additional 24 shares in the last quarter. SageView Advisory Group LLC raised its holdings in Motorola Solutions by 5.3% in the 2nd quarter. SageView Advisory Group LLC now owns 498 shares of the communications equipment provider’s stock worth $214,000 after purchasing an additional 25 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Motorola Solutions by 0.9% in the 3rd quarter. Signaturefd LLC now owns 2,871 shares of the communications equipment provider’s stock worth $1,313,000 after purchasing an additional 25 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSI has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a report on Thursday, February 12th. Barclays increased their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $497.14.

Motorola Solutions Trading Down 0.4%

NYSE:MSI opened at $468.86 on Wednesday. The firm has a market capitalization of $77.67 billion, a P/E ratio of 36.74, a PEG ratio of 3.30 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company’s 50-day simple moving average is $432.73 and its 200 day simple moving average is $422.75.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the firm earned $4.04 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is 37.93%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the sale, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. This trade represents a 51.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 129,069 shares of company stock worth $60,779,964. 1.44% of the stock is owned by insiders.

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.