Highview Capital Management LLC DE Makes New Investment in Motorola Solutions, Inc. $MSI

Highview Capital Management LLC DE bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,771 shares of the communications equipment provider’s stock, valued at approximately $1,165,000.

Several other large investors also recently bought and sold shares of MSI. Obermeyer Wealth Partners raised its position in Motorola Solutions by 261.0% during the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after purchasing an additional 5,837 shares during the period. Machina Capital S.A.S. boosted its holdings in shares of Motorola Solutions by 345.3% in 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 purchasing an additional 10,816 shares during the period. Whalen Wealth Management Inc. bought a new position in shares of Motorola Solutions during the 2nd quarter valued at approximately $257,000. Aware Super Pty Ltd as trustee of Aware Super raised its holdings in Motorola Solutions by 101.5% during the 2nd 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 buying an additional 35,374 shares during the period. Finally, Rockline Wealth Management LLC bought a new stake in Motorola Solutions in the second quarter worth $333,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 1.4%

NYSE:MSI opened at $372.29 on Wednesday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The firm has a market cap of $62.01 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The company has a 50-day moving average of $439.65 and a 200 day moving average of $434.42. Motorola Solutions, Inc. has a 1-year low of $371.56 and a 1-year high of $503.62.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.74 EPS. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 34.99%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSI. Evercore ISI raised their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Barclays reduced their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, UBS Group boosted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $506.43.

Insider Buying and Selling

In related news, COO John P. Molloy sold 37,514 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the sale, the chief operating officer owned 59,328 shares of the company’s stock, valued at $27,432,080.64. This trade represents a 38.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 148,128 shares of company stock valued at $70,431,641. Company insiders own 1.44% of the company’s stock.

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.