Banque Transatlantique SA Acquires 34,230 Shares of Motorola Solutions, Inc. $MSI

Banque Transatlantique SA lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 43.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,322 shares of the communications equipment provider’s stock after buying an additional 34,230 shares during the quarter. Motorola Solutions comprises 1.3% of Banque Transatlantique SA’s investment portfolio, making the stock its 16th biggest position. Banque Transatlantique SA’s holdings in Motorola Solutions were worth $47,415,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brevan Howard Capital Management LP purchased a new stake in shares of Motorola Solutions during the second quarter worth $2,413,000. Ameriprise Financial Inc. raised its stake in shares of Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock valued at $568,930,000 after purchasing an additional 353,113 shares during the period. Alamea Verwaltungs GmbH lifted its holdings in Motorola Solutions by 8.1% during the 2nd quarter. Alamea Verwaltungs GmbH now owns 1,752 shares of the communications equipment provider’s stock worth $737,000 after purchasing an additional 131 shares in the last quarter. MGB Wealth Management LLC boosted its stake in Motorola Solutions by 2.1% in the 2nd quarter. MGB Wealth Management LLC now owns 2,437 shares of the communications equipment provider’s stock worth $1,023,000 after purchasing an additional 50 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Motorola Solutions by 2.5% during the 2nd quarter. California State Teachers Retirement System now owns 276,393 shares of the communications equipment provider’s stock valued at $116,212,000 after buying an additional 6,818 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSI. Evercore ISI increased their price target 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. Barclays decreased 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. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a report on Monday, December 1st. Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $465.00 price objective (down previously 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 four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $495.00.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $364.46 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $363.37 and a fifty-two week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The stock has a market cap of $60.70 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.99. The firm’s fifty day moving average price is $404.63 and its 200-day moving average price is $428.38.

Motorola Solutions (NYSE:MSI) last released its earnings results 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. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $3.74 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect 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 will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is 34.99%.

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.