NorthCrest Asset Manangement LLC Raises Position in Motorola Solutions, Inc. $MSI

NorthCrest Asset Manangement LLC increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 3,592.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,543 shares of the communications equipment provider’s stock after purchasing an additional 51,120 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Motorola Solutions were worth $20,107,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in Motorola Solutions during the third quarter worth about $25,000. United Community Bank increased its stake in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 26 shares in the last quarter. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions in the third quarter valued at approximately $28,000. JPL Wealth Management LLC bought a new stake in shares of Motorola Solutions in the third quarter valued at approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 1.4%

MSI opened at $452.67 on Friday. The business’s fifty day simple moving average is $437.49 and its 200 day simple moving average is $422.79. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The stock has a market cap of $74.99 billion, a PE ratio of 35.48, a P/E/G ratio of 3.17 and a beta of 0.96.

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

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Monday, December 1st. Morgan Stanley restated an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research report on Thursday, February 12th. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Barclays lifted their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Piper Sandler reiterated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $497.14.

Insider Buying and Selling at Motorola Solutions

In other news, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This represents a 42.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at approximately $22,078,401.03. This represents a 51.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 129,069 shares of company stock worth $60,779,964 over the last ninety days. Insiders own 1.44% of the company’s stock.

Motorola Solutions Company 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.