New York State Common Retirement Fund Has $86.78 Million Stake in Motorola Solutions, Inc. $MSI

New York State Common Retirement Fund boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,394 shares of the communications equipment provider’s stock after buying an additional 3,219 shares during the period. New York State Common Retirement Fund’s holdings in Motorola Solutions were worth $86,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Motorola Solutions by 1.2% during the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares during the period. Raymond James Financial Inc. grew its stake in shares of Motorola Solutions by 2.0% during the first quarter. Raymond James Financial Inc. now owns 3,374,532 shares of the communications equipment provider’s stock worth $1,477,404,000 after purchasing an additional 66,766 shares during the period. Alliancebernstein L.P. increased its holdings in Motorola Solutions by 1.6% in the first quarter. Alliancebernstein L.P. now owns 2,921,004 shares of the communications equipment provider’s stock valued at $1,278,845,000 after purchasing an additional 47,368 shares during the last quarter. Finally, Norges Bank acquired a new position in Motorola Solutions in the second quarter valued at about $872,307,000. 84.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Motorola Solutions in a research report on Monday, November 24th. Evercore ISI lifted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Barclays decreased their price objective on shares of 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 increased their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Piper Sandler reissued a “neutral” rating and set a $465.00 price target (down 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 three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $502.50.

Insider Buying and Selling at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the transaction, the chief executive officer directly owned 46,936 shares in the company, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the sale, the senior vice president directly owned 10,244 shares in the company, valued at approximately $4,860,265.80. This represents a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 85,614 shares of company stock valued at $41,278,417 in the last 90 days. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $369.68 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. Motorola Solutions, Inc. has a 52 week low of $365.40 and a 52 week high of $503.62. The company’s 50 day moving average price is $421.86 and its two-hundred day moving average price is $431.93. The company has a market capitalization of $61.57 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $3.74 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. Motorola Solutions’s dividend payout ratio is currently 38.84%.

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.