Employees Retirement System of Texas Buys 4,701 Shares of Motorola Solutions, Inc. $MSI

Employees Retirement System of Texas boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,669 shares of the communications equipment provider’s stock after purchasing an additional 4,701 shares during the period. Employees Retirement System of Texas owned about 0.11% of Motorola Solutions worth $81,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MSI. Valeo Financial Advisors LLC raised its stake 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 valued at $397,000 after buying an additional 21 shares during the period. Advisors Capital Management LLC grew its stake in shares of Motorola Solutions by 1.0% during the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after acquiring an additional 24 shares during the period. Kingsview Wealth Management LLC increased its holdings in Motorola Solutions by 0.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after acquiring an additional 24 shares during the last quarter. Rexford Capital Inc. increased its holdings 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 worth $1,780,000 after acquiring an additional 24 shares during the last quarter. Finally, SageView Advisory Group LLC raised its stake in Motorola Solutions by 5.3% in the 2nd quarter. SageView Advisory Group LLC now owns 498 shares of the communications equipment provider’s stock valued at $214,000 after acquiring an additional 25 shares during the period. 84.17% of the stock is owned by institutional investors.

Insider Transactions at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction that occurred on 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 sale, the chief executive officer owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 129,069 shares of company stock valued at $60,779,964. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Trading Up 0.3%

Motorola Solutions stock opened at $463.88 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The stock has a market cap of $76.85 billion, a P/E ratio of 36.35, a PEG ratio of 3.24 and a beta of 0.96. The firm’s fifty day moving average price is $427.36 and its 200-day moving average price is $423.20.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) 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 analyst estimates of $3.34 billion. During the same quarter last year, the company earned $4.04 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on MSI shares. Piper Sandler reaffirmed an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays raised their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus 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.