Oregon Public Employees Retirement Fund Purchases 4,590 Shares of Motorola Solutions, Inc. $MSI

Oregon Public Employees Retirement Fund boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 31.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,031 shares of the communications equipment provider’s stock after acquiring an additional 4,590 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Motorola Solutions were worth $8,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Motorola Solutions during the third quarter worth about $194,000. Beaumont Financial Advisors LLC grew its position in shares of Motorola Solutions by 55.1% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 1,534 shares of the communications equipment provider’s stock valued at $701,000 after purchasing an additional 545 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Motorola Solutions by 111.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,966 shares of the communications equipment provider’s stock worth $899,000 after purchasing an additional 1,036 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Motorola Solutions by 2.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 94,797 shares of the communications equipment provider’s stock worth $43,352,000 after buying an additional 2,574 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Motorola Solutions by 94.6% during the 3rd quarter. SG Americas Securities LLC now owns 9,233 shares of the communications equipment provider’s stock worth $4,222,000 after buying an additional 4,489 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $383.31 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company’s fifty day simple moving average is $377.28 and its 200-day simple moving average is $423.40. The firm has a market cap of $63.84 billion, a PE ratio of 30.76, a P/E/G ratio of 2.85 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the business earned $3.74 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.3%. Motorola Solutions’s dividend payout ratio is currently 38.84%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several research analyst reports. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $465.00 to $443.00 in a report on Monday, January 5th. Barclays cut their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Northcoast Research raised shares of 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $491.86.

Motorola Solutions 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.