abrdn plc Sells 16,992 Shares of Motorola Solutions, Inc. (NYSE:MSI)

abrdn plc trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,562 shares of the communications equipment provider’s stock after selling 16,992 shares during the period. abrdn plc’s holdings in Motorola Solutions were worth $28,041,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSI. FMR LLC lifted its holdings in Motorola Solutions by 1.6% in the third quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock valued at $639,853,000 after buying an additional 37,718 shares during the period. Raymond James & Associates lifted its holdings in Motorola Solutions by 4.7% in the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after buying an additional 96,421 shares during the period. Invesco Ltd. lifted its holdings in Motorola Solutions by 0.4% in the third quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after buying an additional 8,514 shares during the period. Northern Trust Corp lifted its holdings in Motorola Solutions by 1.5% in the third quarter. Northern Trust Corp now owns 1,841,890 shares of the communications equipment provider’s stock valued at $501,436,000 after buying an additional 27,874 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Motorola Solutions by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock worth $437,190,000 after purchasing an additional 36,061 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Evercore ISI initiated coverage on shares of Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research report on Friday, January 19th. They set a “buy” rating and a $350.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $348.38.

Motorola Solutions Stock Up 1.6 %

Motorola Solutions stock opened at $345.23 on Tuesday. The company has a market cap of $57.35 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $355.39. The company has a fifty day simple moving average of $339.67 and a 200 day simple moving average of $320.67. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.38 earnings per share. Research analysts anticipate that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.48%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by insiders.

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.