Covea Finance Acquires 6,153 Shares of Motorola Solutions, Inc. $MSI

Covea Finance boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,219 shares of the communications equipment provider’s stock after purchasing an additional 6,153 shares during the quarter. Motorola Solutions makes up approximately 1.8% of Covea Finance’s holdings, making the stock its 13th biggest position. Covea Finance owned 0.07% of Motorola Solutions worth $50,859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions during the second quarter worth $25,000. Saudi Central Bank bought a new stake in Motorola Solutions in the 1st quarter valued at $29,000. Whipplewood Advisors LLC lifted its stake in Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares in the last quarter. Rossby Financial LCC boosted its holdings in shares of Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Motorola Solutions during the second quarter valued at about $39,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.6%

Shares of MSI opened at $376.27 on Friday. The company’s fifty day simple moving average is $389.96 and its 200-day simple moving average is $425.49. The company has a market cap of $62.67 billion, a P/E ratio of 30.20, a P/E/G ratio of 3.00 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm posted $3.74 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Evercore ISI upped their price objective on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays lowered their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $495.00.

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.