Mount Lucas Management LP Trims Stock Holdings in Motorola Solutions, Inc. $MSI

Mount Lucas Management LP reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 13.5% in the second quarter, HoldingsChannel reports. The fund owned 2,987 shares of the communications equipment provider’s stock after selling 467 shares during the period. Mount Lucas Management LP’s holdings in Motorola Solutions were worth $1,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth approximately $25,000. Saudi Central Bank purchased a new position in Motorola Solutions during the first quarter valued at $29,000. Whipplewood Advisors LLC boosted its holdings in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares in the last quarter. Rossby Financial LCC boosted its holdings in Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Motorola Solutions by 47.1% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 1.0%

Shares of Motorola Solutions stock opened at $379.44 on Monday. Motorola Solutions, Inc. has a 1-year low of $376.74 and a 1-year high of $503.62. The company’s fifty day simple moving average is $443.80 and its 200-day simple moving average is $435.10. 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 stock has a market capitalization of $63.20 billion, a PE ratio of 30.55, a P/E/G ratio of 3.46 and a beta of 0.96.

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

Motorola Solutions Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s payout ratio is presently 34.99%.

Insider Activity

In other Motorola Solutions 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $3,802,242.30. Following the completion of the transaction, the senior vice president directly owned 10,244 shares of the company’s stock, valued at approximately $4,860,265.80. This trade represents a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 148,128 shares of company stock valued at $70,431,641. 1.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSI. Evercore ISI boosted their price objective 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 reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. UBS Group upped 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Finally, Piper Sandler reissued a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $506.43.

Motorola Solutions Company 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.