Rexford Capital Inc. Invests $1.63 Million in Motorola Solutions, Inc. $MSI

Rexford Capital Inc. acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,869 shares of the communications equipment provider’s stock, valued at approximately $1,627,000. Motorola Solutions accounts for 1.3% of Rexford Capital Inc.’s portfolio, making the stock its 10th biggest holding.

Other large investors have also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in Motorola Solutions in the 2nd quarter worth $25,000. Saudi Central Bank acquired a new stake in Motorola Solutions during the first quarter worth about $29,000. Whipplewood Advisors LLC increased its stake in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares during the period. Rossby Financial LCC raised its holdings in Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 52 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth approximately $39,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE:MSI opened at $364.46 on Friday. The stock has a market capitalization of $60.70 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. 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 1 year low of $363.37 and a 1 year high of $492.22. The firm has a 50 day moving average of $404.63 and a 200-day moving average of $428.44.

Motorola Solutions (NYSE:MSI) last released its quarterly 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. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company earned $3.74 EPS. Motorola Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is currently 34.99%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSI shares. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 8th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Barclays dropped their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, Evercore ISI upped their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $495.00.

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.