Motorola Solutions, Inc. $MSI Shares Sold by Bokf Na

Bokf Na decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.8% during the 4th quarter, HoldingsChannel reports. The fund owned 12,942 shares of the communications equipment provider’s stock after selling 1,904 shares during the quarter. Bokf Na’s holdings in Motorola Solutions were worth $4,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSI. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Motorola Solutions by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,326 shares of the communications equipment provider’s stock valued at $10,091,000 after buying an additional 276 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Motorola Solutions by 59.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 199 shares of the communications equipment provider’s stock valued at $76,000 after buying an additional 74 shares during the last quarter. QRG Capital Management Inc. lifted its position in Motorola Solutions by 1.2% in the fourth quarter. QRG Capital Management Inc. now owns 6,035 shares of the communications equipment provider’s stock valued at $2,313,000 after buying an additional 71 shares during the last quarter. Varma Mutual Pension Insurance Co lifted its position in Motorola Solutions by 10.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 32,801 shares of the communications equipment provider’s stock valued at $12,573,000 after buying an additional 3,100 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Motorola Solutions by 91.7% in the fourth quarter. Truist Financial Corp now owns 62,398 shares of the communications equipment provider’s stock valued at $23,918,000 after buying an additional 29,853 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research report on Thursday, February 12th. Barclays upped their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $502.50.

Insider Activity at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 28,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the sale, the chief executive officer owned 90,721 shares of the company’s stock, valued at $43,360,101.95. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares in the company, valued at approximately $3,362,768.36. This trade represents a 5.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,069 shares of company stock valued at $60,779,964 over the last 90 days. 1.28% of the stock is owned by corporate insiders.

Motorola Solutions Stock Down 1.1%

Shares of NYSE:MSI opened at $433.37 on Thursday. The firm’s 50 day moving average price is $451.32 and its 200 day moving average price is $417.06. The stock has a market cap of $72.03 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.04 earnings per share. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 15.25 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were issued a $1.21 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is 37.93%.

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.