Dorsey Wright & Associates Increases Stake in Motorola Solutions, Inc. $MSI

Dorsey Wright & Associates lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 21.3% during the second quarter, HoldingsChannel reports. The fund owned 905 shares of the communications equipment provider’s stock after acquiring an additional 159 shares during the quarter. Dorsey Wright & Associates’ holdings in Motorola Solutions were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FineMark National Bank & Trust purchased a new position in shares of Motorola Solutions during the 2nd quarter worth approximately $260,000. Stonebrook Private Inc. boosted its stake in shares of Motorola Solutions by 1.9% in the second quarter. Stonebrook Private Inc. now owns 13,757 shares of the communications equipment provider’s stock valued at $5,783,000 after buying an additional 258 shares in the last quarter. Highview Capital Management LLC DE acquired a new position in Motorola Solutions during the second quarter worth $1,165,000. Wealthspire Advisors LLC raised its position in Motorola Solutions by 97.0% in the second quarter. Wealthspire Advisors LLC now owns 1,927 shares of the communications equipment provider’s stock worth $810,000 after acquiring an additional 949 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in Motorola Solutions by 24.6% in the second quarter. Portside Wealth Group LLC now owns 593 shares of the communications equipment provider’s stock valued at $249,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSI. Evercore ISI upped 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. Barclays decreased their price objective 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. UBS Group increased their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Piper Sandler reissued 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $506.43.

Motorola Solutions Stock Down 1.4%

MSI stock opened at $372.29 on Wednesday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The company’s 50 day simple moving average is $439.65 and its 200-day simple moving average is $434.42. Motorola Solutions, Inc. has a 12 month low of $371.56 and a 12 month high of $503.62. The firm has a market capitalization of $62.01 billion, a PE ratio of 29.97, a P/E/G ratio of 3.46 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 EPS. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share 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. Investors of record on Monday, December 15th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. 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%. Motorola Solutions’s dividend payout ratio is 34.99%.

Insider Buying and Selling

In other news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the sale, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. The trade was a 51.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 approximately $4,860,265.80. This represents a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 148,128 shares of company stock worth $70,431,641. 1.44% of the stock is owned by company insiders.

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.