Mairs & Power Inc. Cuts Stock Holdings in Motorola Solutions, Inc. $MSI

Mairs & Power Inc. trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 460,229 shares of the communications equipment provider’s stock after selling 14,877 shares during the quarter. Motorola Solutions comprises about 2.0% of Mairs & Power Inc.’s investment portfolio, making the stock its 17th biggest position. Mairs & Power Inc.’s holdings in Motorola Solutions were worth $210,458,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Valeo Financial Advisors LLC raised its holdings in shares of Motorola Solutions by 2.3% in the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock worth $397,000 after buying an additional 21 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after purchasing an additional 24 shares during the last quarter. Rexford Capital Inc. boosted its position in Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after buying an additional 24 shares during the period. SageView Advisory Group LLC grew its stake in Motorola Solutions by 5.3% in the second quarter. SageView Advisory Group LLC now owns 498 shares of the communications equipment provider’s stock worth $214,000 after purchasing an additional 25 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Motorola Solutions by 0.9% during the third quarter. Signaturefd LLC now owns 2,871 shares of the communications equipment provider’s stock valued at $1,313,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $470.98 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The stock has a market cap of $78.02 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. The business has a 50-day simple moving average of $430.98 and a 200-day simple moving average of $422.78.

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

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director directly owned 7,153 shares in the company, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the completion of the sale, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at $22,078,401.03. This represents a 51.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 over the last quarter. 1.44% of the stock is currently owned by corporate insiders.

About Motorola Solutions

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.