Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Motorola Solutions, Inc. $MSI

Mirae Asset Global Investments Co. Ltd. trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,432 shares of the communications equipment provider’s stock after selling 2,486 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Motorola Solutions were worth $12,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ballentine Partners LLC increased its position in shares of Motorola Solutions by 11.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,285 shares of the communications equipment provider’s stock valued at $1,502,000 after purchasing an additional 333 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Motorola Solutions by 5.7% in the third quarter. Valeo Financial Advisors LLC now owns 998 shares of the communications equipment provider’s stock worth $456,000 after purchasing an additional 54 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC grew its holdings in Motorola Solutions by 9.3% in the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,125 shares of the communications equipment provider’s stock worth $514,000 after acquiring an additional 96 shares during the last quarter. Northstar Advisory Group LLC purchased a new position in Motorola Solutions during the 3rd quarter valued at about $225,000. Finally, Saxon Interests Inc. increased its stake in shares of Motorola Solutions by 1.7% during the third quarter. Saxon Interests Inc. now owns 4,336 shares of the communications equipment provider’s stock valued at $2,049,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.1%

Shares of MSI opened at $402.58 on Friday. The company has a market capitalization of $67.05 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The business’s 50 day moving average is $381.46 and its 200 day moving average is $421.09.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.74 earnings per share. Research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s payout ratio is presently 38.84%.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research analyst reports. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Monday, December 1st. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Finally, Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $491.86.

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.