Sumitomo Mitsui Trust Group Inc. Decreases Stock Position in Motorola Solutions, Inc. $MSI

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. lowered its stake in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 407,807 shares of the communications equipment provider’s stock after selling 10,788 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Motorola Solutions were worth $156,321,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Valeo Financial Advisors LLC increased 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. Rexford Capital Inc. increased its holdings in shares of Motorola Solutions by 0.6% in the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock worth $1,780,000 after buying an additional 24 shares during the period. Signaturefd LLC increased its holdings in shares of Motorola Solutions by 0.9% in the third quarter. Signaturefd LLC now owns 2,871 shares of the communications equipment provider’s stock worth $1,313,000 after buying an additional 25 shares during the period. CX Institutional increased its holdings in shares of Motorola Solutions by 2.0% in the third quarter. CX Institutional now owns 1,313 shares of the communications equipment provider’s stock worth $600,000 after buying an additional 26 shares during the period. Finally, United Community Bank increased its holdings in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.0%

NYSE MSI opened at $433.74 on Monday. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The stock has a market capitalization of $72.09 billion, a PE ratio of 33.99, a PEG ratio of 3.03 and a beta of 0.99. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The business’s 50-day moving average is $450.75 and its 200 day moving average is $418.72.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s payout ratio is presently 37.93%.

Analyst Ratings Changes

Several research analysts have recently commented on MSI shares. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Truist Financial started coverage on Motorola Solutions in a research note on Tuesday, March 31st. They issued a “buy” rating and a $540.00 target price on the stock. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $502.50.

Read Our Latest Analysis on MSI

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the sale, 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Profile

(Free Report)

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.

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