Wealth Enhancement Advisory Services LLC Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Posted by Defense World Staff on Jul 10th, 2023

Wealth Enhancement Advisory Services LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,017 shares of the communications equipment provider’s stock, valued at approximately $5,441,000.

Several other large investors have also made changes to their positions in the business. State Street Corp boosted its holdings in shares of Motorola Solutions by 0.3% in the 3rd quarter. State Street Corp now owns 7,158,494 shares of the communications equipment provider’s stock valued at $1,608,781,000 after acquiring an additional 22,604 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Motorola Solutions by 15.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,506,737 shares of the communications equipment provider’s stock worth $903,721,000 after buying an additional 464,771 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Motorola Solutions by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 3,411,585 shares of the communications equipment provider’s stock worth $877,714,000 after buying an additional 78,777 shares in the last quarter. Raymond James & Associates boosted its holdings in Motorola Solutions by 0.9% during the first quarter. Raymond James & Associates now owns 2,001,009 shares of the communications equipment provider’s stock worth $572,549,000 after buying an additional 17,910 shares in the last quarter. Finally, Norges Bank purchased a new stake in Motorola Solutions during the fourth quarter worth $470,994,000. 82.93% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $291.87 on Monday. The firm has a 50-day simple moving average of $286.14 and a 200-day simple moving average of $274.80. The stock has a market capitalization of $48.95 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 3.22 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 24.15. Motorola Solutions, Inc. has a 52 week low of $204.55 and a 52 week high of $299.43.

Motorola Solutions (NYSE:MSI – Free Report) last issued its earnings results on Thursday, May 4th. The communications equipment provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.17. Motorola Solutions had a net margin of 14.63% and a negative return on equity of 1,549.95%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business earned $1.53 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Motorola Solutions, Inc. will post 10.07 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 15th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, June 14th. Motorola Solutions’s payout ratio is currently 44.00%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of recent analyst reports. 1-800-FLOWERS.COM reissued a “maintains” rating on shares of Motorola Solutions in a report on Friday, May 5th. Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $310.00 to $335.00 in a report on Friday, May 5th. StockNews.com downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $300.00 to $305.00 in a report on Thursday, March 16th. Finally, Barclays increased their price objective on shares of Motorola Solutions from $303.00 to $329.00 in a report on Friday, May 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $301.67.

Insider Buying and Selling

In related news, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $290.54, for a total transaction of $14,527,000.00. Following the completion of the sale, the chief executive officer now directly owns 91,843 shares in the company, valued at $26,684,065.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Motorola Solutions news, CAO Katherine A. Maher sold 1,933 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $289.01, for a total transaction of $558,656.33. Following the completion of the transaction, the chief accounting officer now owns 1,611 shares of the company’s stock, valued at $465,595.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $290.54, for a total transaction of $14,527,000.00. Following the transaction, the chief executive officer now directly owns 91,843 shares of the company’s stock, valued at approximately $26,684,065.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,933 shares of company stock worth $29,642,156. Insiders own 1.50% of the company’s stock.

Motorola Solutions Profile

(Free Report)

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two 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 infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.