Steward Partners Investment Advisory LLC increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 6.7% during Q2, according to the latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now holds 92,750 shares of the communications equipment provider, having purchased an additional 5,836 shares during the period. As of the most recent filing, Steward Partners' holding is valued at approximately $38.99 million, representing about 0.06% of the company's total stock.
Other institutional investors and hedge funds have also adjusted their positions in Motorola Solutions. Advisors Capital Management LLC raised its holdings by 1.0% during Q2, acquiring 24 additional shares to bring its total to 2,452 shares valued at $1.03 million. Kingsview Wealth Management LLC boosted its position by 0.3%, now owning 9,115 shares worth $3.83 million after purchasing 24 more. IFC Advisors LLC increased its stake by 0.6%, holding 4,043 shares valued at $1.7 million after buying 25 additional shares. Pinnacle Wealth Management Advisory Group LLC expanded its position by 3.7%, acquiring 25 more shares to total 701 shares valued at $295,000. Finally, Trust Point Inc. grew its holdings by 3.9%, owning 692 shares valued at $291,000 after purchasing 26 more shares. Collectively, institutional investors and hedge funds own 84.17% of Motorola Solutions' stock.
Analysts have provided new price targets and ratings for Motorola Solutions. Piper Sandler reiterated a "neutral" rating, lowering the target price from $495.00 to $465.00. Barclays decreased their target price from $509.00 to $495.00, maintaining an "overweight" rating. Evercore ISI raised their price target from $500.00 to $525.00, and UBS Group increased their target from $490.00 to $510.00. Overall, Motorola Solutions has received a consensus rating of "Moderate Buy," with an average target price of $506.43.
Motorola Solutions’ stock opened at $368.43, with a market cap of $61.36 billion, a price-to-earnings ratio of 29.66, and a price-to-earnings-growth ratio of 3.46. The company has a debt-to-equity ratio of 3.86, and its current ratio is 1.73. The 12-month low for Motorola Solutions’ stock was $365.75, while its high was $503.62.
In its most recent quarterly earnings report, the company posted earnings per share (EPS) of $4.06, surpassing analysts' expectations of $3.85. This performance reflects a net margin of 19.08% and a return on equity of 134.3%. Quarterly revenue came in at $3.01 billion, exceeding estimates of $2.99 billion, and representing a 7.8% year-over-year increase. Analysts expect the company to post $13.55 in EPS for the full year.
Motorola Solutions recently declared a quarterly dividend of $1.21 per share, set to be paid on January 15th. Shareholders of record as of December 15th will receive the dividend, which marks an increase from the previous quarterly dividend of $0.01 per share. The company’s dividend payout ratio currently stands at 38.84%.
In corporate news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions on September 12th at an average price of $483.50 per share, totaling $24.18 million. After the transaction, he retains 46,936 shares valued at approximately $22.69 million. Senior Vice President Rajan Naik also sold 8,014 shares at $474.45 per share, totaling $3.8 million. This sale reduced his holdings to 10,244 shares worth $4.86 million.
Motorola Solutions provides public safety and enterprise security solutions globally, operating in two key segments: Products and Systems Integration, and Software and Services. The company offers infrastructure, devices, accessories, and video security systems, and works with government, public safety, and commercial customers managing private communications networks.
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