Highview Capital Management LLC DE Takes Position in Motorola Solutions, Inc. $MSI

Highview Capital Management LLC DE acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,771 shares of the communications equipment provider’s stock, valued at approximately $1,165,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Capital Management LLC increased its position in shares of Motorola Solutions by 1.0% during the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after acquiring an additional 24 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after purchasing an additional 24 shares in the last quarter. IFC Advisors LLC lifted its holdings in shares of Motorola Solutions by 0.6% during the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after purchasing an additional 25 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Motorola Solutions by 3.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock valued at $295,000 after buying an additional 25 shares during the last quarter. Finally, Trust Point Inc. increased its holdings in Motorola Solutions by 3.9% in the 2nd quarter. Trust Point Inc. now owns 692 shares of the communications equipment provider’s stock worth $291,000 after buying an additional 26 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE:MSI opened at $372.29 on Wednesday. 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 stock has a 50-day simple moving average of $439.65 and a two-hundred day simple moving average of $434.42. 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, Inc. has a 52-week low of $371.56 and a 52-week high of $503.62.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm earned $3.74 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

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

Insiders Place Their Bets

In other news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president owned 14,542 shares of the company’s stock, valued at $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 value of $3,802,242.30. Following the sale, the senior vice president owned 10,244 shares of the company’s stock, valued at $4,860,265.80. This represents a 43.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 148,128 shares of company stock valued at $70,431,641 in the last ninety days. Insiders own 1.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MSI shares. Evercore ISI upped their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. 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 note on Friday, October 31st. Barclays cut their price objective 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, UBS Group boosted their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $506.43.

Motorola Solutions Company 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.