WASHINGTON TRUST Co Has $238,000 Stake in Motorola Solutions, Inc. $MSI

WASHINGTON TRUST Co raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 162.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 566 shares of the communications equipment provider’s stock after purchasing an additional 350 shares during the quarter. WASHINGTON TRUST Co’s holdings in Motorola Solutions were worth $238,000 at the end of the most recent quarter.

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

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $462.38, for a total value of $17,345,723.32. Following the sale, the chief operating officer owned 59,328 shares of the company’s stock, valued at $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rajan Naik sold 8,014 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction 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 $4,860,265.80. This trade represents a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 148,128 shares of company stock valued at $70,431,641. Company insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Down 2.3%

Shares of MSI opened at $382.77 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. The company has a 50-day simple moving average of $445.79 and a 200-day simple moving average of $435.51. Motorola Solutions, Inc. has a 52 week low of $382.09 and a 52 week high of $503.62. The firm has a market capitalization of $63.75 billion, a P/E ratio of 30.82, a P/E/G ratio of 3.46 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.74 earnings per share. On average, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Cuts Dividend

The company 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. The ex-dividend date was Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Motorola Solutions’s payout ratio is currently 34.99%.

Analysts Set New Price Targets

MSI has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. UBS Group raised 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. Barclays cut their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Evercore ISI raised their price target on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Seven 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $506.43.

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.