Stance Capital LLC Invests $2.60 Million in Motorola Solutions, Inc. $MSI

Stance Capital LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,190 shares of the communications equipment provider’s stock, valued at approximately $2,603,000. Motorola Solutions accounts for about 1.0% of Stance Capital LLC’s holdings, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners boosted its holdings in shares of Motorola Solutions by 261.0% in the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after buying an additional 5,837 shares in the last quarter. Machina Capital S.A.S. boosted its stake in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after acquiring an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of Motorola Solutions during the second quarter worth about $257,000. Rockline Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth about $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in shares of Motorola Solutions by 101.5% in the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after purchasing an additional 35,374 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of 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 P/E/G ratio of 2.91 and a beta of 0.99. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. Motorola Solutions, Inc. has a 1 year low of $363.37 and a 1 year high of $492.22. The company’s fifty day moving average is $404.63 and its two-hundred day moving average is $428.44.

Motorola Solutions (NYSE:MSI) last issued its 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. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.74 earnings per share. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.21 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research reports. Piper Sandler restated a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. Barclays cut their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Evercore ISI increased their price target 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. Finally, Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $495.00.

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.