Elevation Point Wealth Partners LLC Has $917,000 Holdings in Motorola Solutions, Inc. $MSI

Elevation Point Wealth Partners LLC raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 10.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,182 shares of the communications equipment provider’s stock after purchasing an additional 200 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Motorola Solutions were worth $917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vinva Investment Management Ltd lifted its stake in shares of Motorola Solutions by 31.2% in the second quarter. Vinva Investment Management Ltd now owns 8,616 shares of the communications equipment provider’s stock valued at $3,607,000 after buying an additional 2,051 shares during the period. Inceptionr LLC increased its stake in Motorola Solutions by 84.9% during the second quarter. Inceptionr LLC now owns 2,270 shares of the communications equipment provider’s stock valued at $954,000 after acquiring an additional 1,042 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Motorola Solutions by 11.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,883 shares of the communications equipment provider’s stock valued at $1,633,000 after acquiring an additional 396 shares in the last quarter. FourThought Financial Partners LLC lifted its position in shares of Motorola Solutions by 24.8% in the 2nd quarter. FourThought Financial Partners LLC now owns 1,615 shares of the communications equipment provider’s stock worth $679,000 after acquiring an additional 321 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its position in shares of Motorola Solutions by 6.6% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 12,493 shares of the communications equipment provider’s stock worth $5,253,000 after acquiring an additional 773 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.2%

NYSE:MSI opened at $370.25 on Friday. The company has a market cap of $61.67 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 3.46 and a beta of 0.96. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The stock’s fifty day moving average price is $424.00 and its two-hundred day moving average price is $432.10. Motorola Solutions, Inc. has a 52-week low of $365.40 and a 52-week high of $503.62.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.74 EPS. On average, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a $1.21 dividend. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. Motorola Solutions’s dividend payout ratio is 38.84%.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the transaction, the chief executive officer directly owned 46,936 shares in the company, valued at approximately $22,693,556. This represents a 51.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 85,614 shares of company stock valued at $41,278,417. 1.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSI. Weiss Ratings restated a “buy (b-)” rating on shares of Motorola Solutions in a research report on Monday. Barclays decreased their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. UBS Group increased their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Evercore ISI raised their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $502.50.

Motorola Solutions Company 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.