Douglass Winthrop Advisors LLC Invests $692,000 in Motorola Solutions, Inc. $MSI

Douglass Winthrop Advisors LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,513 shares of the communications equipment provider’s stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new stake in Motorola Solutions during the 3rd quarter worth about $25,000. United Community Bank grew its holdings in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $33,000. Field & Main Bank acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $35,000. Finally, Salomon & Ludwin LLC bought a new stake in Motorola Solutions during the third quarter worth about $38,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 129,069 shares of company stock worth $60,779,964 over the last three months. Insiders own 1.44% of the company’s stock.

Motorola Solutions Trading Up 0.3%

Shares of Motorola Solutions stock opened at $463.88 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The business has a fifty day simple moving average of $427.36 and a two-hundred day simple moving average of $423.20. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a market capitalization of $76.85 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 3.24 and a beta of 0.96.

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

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

MSI has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Piper Sandler reiterated 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, Barclays lifted their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $497.14.

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.