Motorola Solutions, Inc. $MSI Shares Sold by Legacy CG LLC

Legacy CG LLC lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.3% in the third quarter, Holdings Channel reports. The fund owned 13,721 shares of the communications equipment provider’s stock after selling 1,415 shares during the quarter. Motorola Solutions comprises 1.5% of Legacy CG LLC’s investment portfolio, making the stock its 27th biggest holding. Legacy CG LLC’s holdings in Motorola Solutions were worth $6,119,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position in Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the 1st quarter valued at about $27,000. Field & Main Bank bought a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $31,000. Lodestone Wealth Management LLC lifted its stake in shares of Motorola Solutions by 53.7% in the 3rd quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 29 shares during the period. Finally, Essential Partners LLC lifted its stake in shares of Motorola Solutions by 633.3% in the 1st quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 76 shares during the period. Institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other news, CEO Gregory Brown sold 14,220 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the sale, the chief executive officer directly owned 66,648 shares in the company, valued at $32,338,942.56. This trade represents a 17.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathryn A. Moore sold 1,004 shares of Motorola Solutions stock in a transaction on Friday, August 21st. The shares were sold at an average price of $476.96, for a total transaction of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. This trade represents a 43.92% decrease in their position. The SEC filing for this sale provides additional information. 1.28% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MSI. Raymond James Financial raised their price objective on shares of Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Evercore upped their target price on shares of Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Zacks Research downgraded shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Northcoast Research lifted their price target on shares of Motorola Solutions from $510.00 to $525.00 in a research note on Thursday, August 27th. Finally, Truist Financial boosted their price objective on shares of Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Motorola Solutions has a consensus rating of “Buy” and an average target price of $530.10.

Motorola Solutions Stock Up 0.8%

NYSE MSI opened at $491.24 on Wednesday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $499.00. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. The company has a market capitalization of $81.29 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. The stock’s 50-day moving average price is $466.62 and its 200-day moving average price is $440.18.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.85 by $0.56. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a return on equity of 98.22% and a net margin of 17.44%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 EPS. On average, equities research analysts predict that Motorola Solutions, Inc. will post 15.87 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.21 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.11%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.

Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.