Apollon Wealth Management LLC Has $10.89 Million Stock Position in Motorola Solutions, Inc. $MSI

Apollon Wealth Management LLC raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 18.7% during the third quarter, HoldingsChannel.com reports. The firm owned 23,820 shares of the communications equipment provider’s stock after buying an additional 3,749 shares during the quarter. Apollon Wealth Management LLC’s holdings in Motorola Solutions were worth $10,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently 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 about $25,000. Saudi Central Bank acquired a new position in Motorola Solutions in the first quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in Motorola Solutions during the third quarter valued at approximately $33,000. Whipplewood Advisors LLC lifted its stake in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Finally, Rossby Financial LCC lifted its stake in Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 52 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 0.1%

NYSE MSI opened at $376.98 on Friday. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The stock has a market cap of $62.79 billion, a PE ratio of 30.26, a PEG ratio of 3.00 and a beta of 0.99. The firm has a 50-day simple moving average of $388.59 and a 200 day simple moving average of $425.33. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03.

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

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Analyst Ratings Changes

Several research analysts have recently commented on MSI shares. Barclays dropped their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Northcoast Research raised shares of 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 set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 22nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.00.

Motorola Solutions 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.