Munro Partners Has $92.72 Million Stock Position in Motorola Solutions, Inc. $MSI

Munro Partners increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,760 shares of the communications equipment provider’s stock after buying an additional 47,285 shares during the quarter. Motorola Solutions makes up 2.5% of Munro Partners’ holdings, making the stock its 18th biggest position. Munro Partners’ holdings in Motorola Solutions were worth $92,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Obermeyer Wealth Partners grew its position 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 acquiring an additional 5,837 shares during the period. Machina Capital S.A.S. lifted its stake in Motorola Solutions by 345.3% in the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after purchasing an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in Motorola Solutions during the second quarter worth about $257,000. Rockline Wealth Management LLC acquired a new position in Motorola Solutions during the second quarter worth approximately $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super raised its stake in Motorola Solutions by 101.5% in the second 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 buying an additional 35,374 shares during the period. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSI shares. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. 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. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday. Finally, Evercore ISI upped their price target 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. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $495.00.

Motorola Solutions Trading Up 1.6%

MSI stock opened at $378.60 on Wednesday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The company’s 50-day simple moving average is $392.44 and its 200 day simple moving average is $426.18. The company has a market capitalization of $63.06 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.97 and a beta of 0.99.

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

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.21 per share. 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 yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.