Riverbridge Partners LLC Sells 5,050 Shares of Motorola Solutions, Inc. $MSI

Riverbridge Partners LLC reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,235 shares of the communications equipment provider’s stock after selling 5,050 shares during the quarter. Riverbridge Partners LLC’s holdings in Motorola Solutions were worth $27,689,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Motorola Solutions during the 2nd quarter valued at approximately $872,307,000. Marshall Wace LLP bought a new position in Motorola Solutions in the 2nd quarter worth approximately $230,743,000. Capital World Investors lifted its holdings in shares of Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after buying an additional 490,354 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock valued at $384,793,000 after acquiring an additional 452,822 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Motorola Solutions by 56.6% in the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock worth $550,422,000 after acquiring an additional 435,178 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at $4,488,254.29. The trade was a 42.35% 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, Director Kenneth D. Denman sold 434 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This trade represents a 5.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 129,069 shares of company stock worth $60,779,964. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $449.63 on Friday. The firm has a market capitalization of $74.49 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 3.15 and a beta of 0.96. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The business has a fifty day simple moving average of $442.52 and a 200 day simple moving average of $422.49. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.04 earnings per share. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Analyst Ratings Changes

Several research firms recently commented on MSI. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Barclays raised their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $497.14.

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.