Bank of New York Mellon Corp Has $482.82 Million Holdings in Motorola Solutions, Inc. $MSI

Bank of New York Mellon Corp lessened its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,055,819 shares of the communications equipment provider’s stock after selling 25,041 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of Motorola Solutions worth $482,815,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Motorola Solutions in the second quarter worth about $872,307,000. Marshall Wace LLP acquired a new stake in Motorola Solutions in the 2nd quarter valued at approximately $230,743,000. Voya Investment Management LLC grew its holdings in Motorola Solutions by 116.5% in the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock valued at $384,793,000 after buying an additional 452,822 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Motorola Solutions by 54.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock worth $502,784,000 after buying an additional 422,039 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Motorola Solutions by 1.8% during the second quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after buying an additional 384,479 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

NYSE MSI opened at $405.07 on Thursday. The stock has a market cap of $67.46 billion, a P/E ratio of 32.51, a PEG ratio of 3.03 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company’s 50-day simple moving average is $380.06 and its 200 day simple moving average is $421.30.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.21. The company 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 118.48% and a net margin of 18.71%.During the same period in the prior year, the company posted $3.74 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company 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. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is currently 38.84%.

Analysts Set New Price Targets

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

Motorola Solutions 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.