Motorola Solutions, Inc. $MSI Stock: Riverbridge Partners LLC Reduces Holdings

Riverbridge Partners LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,130 shares of the communications equipment provider’s stock after selling 3,183 shares during the quarter. Riverbridge Partners LLC’s holdings in Motorola Solutions were worth $25,478,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Western Wealth Management LLC bought a new position in Motorola Solutions during the first quarter worth $27,000. Field & Main Bank bought a new stake in Motorola Solutions during the second quarter valued at $31,000. Gen Wealth Partners Inc boosted its position in Motorola Solutions by 310.5% during the third quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. Lodestone Wealth Management LLC grew its holdings in Motorola Solutions by 53.7% during the 3rd quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 29 shares during the period. Finally, Essential Partners LLC grew its holdings in Motorola Solutions by 633.3% during the 1st quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 76 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Brown sold 70,780 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $514.14, for a total value of $36,390,829.20. Following the completion of the sale, the chief executive officer owned 66,769 shares of the company’s stock, valued at approximately $34,328,613.66. This trade represents a 51.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Rajan Naik sold 10,005 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $512.43, for a total value of $5,126,862.15. Following the sale, the senior vice president owned 12,563 shares of the company’s stock, valued at approximately $6,437,658.09. This represents a 44.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 156,418 shares of company stock worth $80,087,836 in the last quarter. Company insiders own 1.28% of the company’s stock.

More Motorola Solutions News

Here are the key news stories impacting Motorola Solutions this week:

• Positive Sentiment: Motorola Solutions beat Q3 earnings expectations, raised its guidance and reported a record backlog. Its shares gained roughly 7% following the results, contrasting with a sharp post-earnings decline for competitor Axon. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
• Negative Sentiment: Several senior leaders reported selling shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares, while the CFO, COO and multiple senior vice presidents also reported sales—about 141,000 shares combined. Such sizable insider selling can concern investors, though the filings alone do not establish the reason for the sales. CEO Form 4 filing CFO Form 4 filing COO Form 4 filing

Motorola Solutions Trading Down 0.2%

NYSE:MSI opened at $526.89 on Wednesday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $548.28. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $87.11 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 2.87 and a beta of 0.86. The firm has a fifty day simple moving average of $469.63 and a two-hundred day simple moving average of $443.19.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.42 by $0.27. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.06 earnings per share. Analysts expect that Motorola Solutions, Inc. will post 15.91 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 16th. Motorola Solutions’s payout ratio is presently 38.94%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSI shares. Zacks Research lowered Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings lowered Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Bank of America reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. Evercore lifted their target price on Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Finally, UBS Group boosted their price target on Motorola Solutions from $520.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $545.70.

Motorola Solutions Profile

Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.