Motorola Solutions, Inc. $MSI Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,300 shares of the communications equipment provider’s stock after selling 9,400 shares during the quarter. Railway Pension Investments Ltd owned approximately 0.06% of Motorola Solutions worth $40,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSI. Revolve Wealth Partners LLC purchased a new stake in Motorola Solutions during the fourth quarter worth $208,000. Jefferies Financial Group Inc. purchased a new position in Motorola Solutions in the first quarter valued at $1,189,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Motorola Solutions by 10.5% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 2,100 shares of the communications equipment provider’s stock worth $919,000 after acquiring an additional 200 shares during the period. Banco Santander S.A. boosted its stake in shares of Motorola Solutions by 6.2% during the 1st quarter. Banco Santander S.A. now owns 56,069 shares of the communications equipment provider’s stock worth $24,548,000 after acquiring an additional 3,259 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Motorola Solutions by 8.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,148 shares of the communications equipment provider’s stock valued at $21,080,000 after acquiring an additional 3,926 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent analyst reports. Barclays lowered their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Evercore ISI increased their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Motorola Solutions in a report on Monday, November 24th. Piper Sandler restated 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. Finally, UBS Group boosted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $502.50.

Insider Activity

In related news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the sale, the senior vice president owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president directly owned 10,244 shares in the company, valued at $4,860,265.80. This trade represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 85,614 shares of company stock valued at $41,278,417. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

MSI opened at $369.68 on Friday. Motorola Solutions, Inc. has a twelve month low of $365.40 and a twelve month high of $503.62. The firm has a market capitalization of $61.57 billion, a PE ratio of 29.76, a PEG ratio of 3.46 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The firm’s 50-day moving average price is $421.86 and its 200 day moving average price is $431.93.

Motorola Solutions (NYSE:MSI) last posted its quarterly 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 business had revenue of $3.01 billion during 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%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.74 earnings per share. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 38.84%.

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.