Hibernia Wealth Partners LLC Acquires Shares of 829 Motorola Solutions, Inc. $MSI

Hibernia Wealth Partners LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 829 shares of the communications equipment provider’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Obermeyer Wealth Partners raised its position in shares of Motorola Solutions by 261.0% during the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after purchasing an additional 5,837 shares during the last quarter. Machina Capital S.A.S. increased its stake in Motorola Solutions by 345.3% during the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after buying an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of Motorola Solutions during the second quarter valued at approximately $257,000. Aware Super Pty Ltd as trustee of Aware Super lifted its position in shares of Motorola Solutions by 101.5% in the second quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after acquiring an additional 35,374 shares in the last quarter. Finally, Rockline Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the second quarter worth approximately $333,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MSI shares. 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 research note on Friday, October 31st. UBS Group upped their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Evercore ISI lifted their price target on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $506.43.

Insider Buying and Selling

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the sale, the senior vice president owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the transaction, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. The trade was a 51.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 148,128 shares of company stock worth $70,431,641 over the last ninety days. Insiders own 1.44% of the company’s stock.

Motorola Solutions Trading Down 2.3%

MSI opened at $382.77 on Friday. Motorola Solutions, Inc. has a 52 week low of $382.09 and a 52 week high of $503.62. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The business has a fifty day simple moving average of $445.79 and a 200-day simple moving average of $435.51. The firm has a market cap of $63.75 billion, a P/E ratio of 30.82, a P/E/G ratio of 3.46 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $3.74 EPS. Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were given a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.99%.

About Motorola Solutions

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.