Accurate Wealth Management LLC Buys New Shares in Motorola Solutions, Inc. (NYSE:MSI)

Posted by Defense World Staff on Mar 22nd, 2023

Accurate Wealth Management LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 290 shares of the communications equipment provider’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of Motorola Solutions by 4.3% in the third quarter. BlackRock Inc. now owns 14,651,837 shares of the communications equipment provider’s stock valued at $3,281,573,000 after acquiring an additional 599,327 shares during the last quarter. State Street Corp increased its position in Motorola Solutions by 0.3% during the third quarter. State Street Corp now owns 7,158,494 shares of the communications equipment provider’s stock worth $1,608,781,000 after buying an additional 22,604 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Motorola Solutions by 32.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 2,775,220 shares of the communications equipment provider’s stock worth $621,567,000 after buying an additional 678,694 shares during the last quarter. Nuveen Asset Management LLC increased its position in Motorola Solutions by 18.9% during the third quarter. Nuveen Asset Management LLC now owns 1,657,892 shares of the communications equipment provider’s stock worth $371,318,000 after buying an additional 264,011 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Motorola Solutions by 149.0% during the third quarter. Bessemer Group Inc. now owns 1,583,272 shares of the communications equipment provider’s stock worth $354,605,000 after buying an additional 947,497 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 26,933 shares of Motorola Solutions stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $271.25, for a total transaction of $7,305,576.25. Following the completion of the sale, the chief executive officer now directly owns 48,142 shares of the company’s stock, valued at approximately $13,058,517.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Motorola Solutions news, CEO Gregory Q. Brown sold 26,933 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $271.25, for a total value of $7,305,576.25. Following the completion of the sale, the chief executive officer now directly owns 48,142 shares of the company’s stock, valued at $13,058,517.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the sale, the director now directly owns 8,313 shares of the company’s stock, valued at $2,214,001.29. The disclosure for this sale can be found here. Insiders sold a total of 37,167 shares of company stock valued at $10,066,483 in the last three months. Company insiders own 1.85% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $271.66 on Wednesday. Motorola Solutions, Inc. has a fifty-two week low of $195.18 and a fifty-two week high of $275.16. The stock has a market cap of $45.44 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.91 and a beta of 0.92. The company has a debt-to-equity ratio of 45.90, a quick ratio of 0.92 and a current ratio of 1.15. The firm’s 50-day simple moving average is $262.82 and its 200 day simple moving average is $253.45.

Motorola Solutions (NYSE:MSI – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The communications equipment provider reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.17. Motorola Solutions had a net margin of 14.96% and a negative return on equity of 663.73%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the business posted $2.66 EPS. Motorola Solutions’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 10.07 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, March 14th. Motorola Solutions’s payout ratio is 44.39%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TheStreet raised Motorola Solutions from a “c+” rating to a “b” rating in a research report on Thursday, February 9th. Credit Suisse Group downgraded Motorola Solutions from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $300.00 to $270.00 in a research report on Wednesday, January 11th. StockNews.com initiated coverage on Motorola Solutions in a research note on Thursday, March 16th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $300.00 to $305.00 in a research note on Thursday, March 16th. Finally, Edward Jones cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.67.

Motorola Solutions Company Profile

(Get Rating)

Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following segments: Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices, and the implementation and integration of such systems, devices, and applications.