Truist Financial Corp Boosts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Truist Financial Corp grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,735 shares of the communications equipment provider’s stock after acquiring an additional 3,305 shares during the quarter. Truist Financial Corp’s holdings in Motorola Solutions were worth $16,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Motorola Solutions in the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new position in shares of Motorola Solutions in the 4th quarter worth about $26,000. FSA Wealth Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Motorola Solutions in the 3rd quarter worth about $31,000. Finally, Planning Capital Management Corp purchased a new position in shares of Motorola Solutions in the 3rd quarter worth about $32,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSI. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Barclays cut their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Raymond James boosted their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Bank of America upped their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

NYSE MSI opened at $438.48 on Thursday. The company has a market cap of $73.28 billion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 3.22 and a beta of 1.02. Motorola Solutions, Inc. has a 52 week low of $318.20 and a 52 week high of $507.82. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The firm’s 50-day simple moving average is $464.68 and its two-hundred day simple moving average is $459.64.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Research analysts predict that Motorola Solutions, Inc. will post 13.46 earnings per share for the current year.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.