Motorola Solutions, Inc. $MSI Shares Purchased by Brookstone Capital Management

Brookstone Capital Management grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 28.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 14,846 shares of the communications equipment provider’s stock after buying an additional 3,323 shares during the quarter. Brookstone Capital Management’s holdings in Motorola Solutions were worth $6,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter valued at approximately $25,000. Saudi Central Bank bought a new stake in shares of Motorola Solutions during the 1st quarter valued at about $29,000. Whipplewood Advisors LLC raised its position in shares of Motorola Solutions by 289.5% during 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 during the period. Rossby Financial LCC lifted its holdings in shares of Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter valued at approximately $39,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. Piper Sandler restated a “neutral” rating and issued a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Barclays reduced their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday. Finally, Evercore ISI boosted their price target on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $495.00.

Motorola Solutions Stock Up 0.1%

Shares of Motorola Solutions stock opened at $376.98 on Friday. The stock has a 50-day moving average price of $388.59 and a 200 day moving average price of $425.24. The company has a market cap of $62.79 billion, a P/E ratio of 30.26, a P/E/G ratio of 3.00 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 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 (NYSE:MSI) last announced 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 return on equity of 118.48% and a net margin of 18.71%.The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $3.74 EPS. The firm’s quarterly 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 fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend 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 yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

About Motorola Solutions

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.