Norris Perne & French LLP MI Buys 8,998 Shares of Motorola Solutions, Inc. $MSI

Norris Perne & French LLP MI boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 30.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,677 shares of the communications equipment provider’s stock after acquiring an additional 8,998 shares during the period. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $17,687,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new stake in Motorola Solutions during the 2nd quarter valued at $25,000. Saudi Central Bank purchased a new position in shares of Motorola Solutions during the 1st quarter valued at about $29,000. Whipplewood Advisors LLC boosted its position in shares of 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 purchasing an additional 55 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in Motorola Solutions in the 3rd quarter worth $33,000. Finally, Rossby Financial LCC grew its position in shares of Motorola Solutions by 148.6% during the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Up 0.1%

Shares of MSI opened at $376.98 on Monday. The firm has a 50-day moving average price of $388.59 and a 200 day moving average price of $425.44. The firm has a market capitalization of $62.79 billion, a P/E ratio of 30.26, a P/E/G ratio of 3.00 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its 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. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $3.74 earnings per share. Motorola Solutions’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $1.21 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s dividend payout ratio is 38.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MSI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 22nd. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Barclays lowered their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $495.00.

Motorola Solutions Company 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.