Carderock Capital Management Inc. Has $4.47 Million Holdings in Motorola Solutions, Inc. $MSI

Carderock Capital Management Inc. raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 149.3% in the third quarter, HoldingsChannel reports. The fund owned 9,775 shares of the communications equipment provider’s stock after acquiring an additional 5,854 shares during the period. Carderock Capital Management Inc.’s holdings in Motorola Solutions were worth $4,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covea Finance increased its position in Motorola Solutions by 5.9% during the third quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after acquiring an additional 6,153 shares during the period. Obermeyer Wealth Partners grew its position in shares of Motorola Solutions by 261.0% during the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after purchasing an additional 5,837 shares in the last quarter. Machina Capital S.A.S. grew its position in shares of Motorola Solutions by 345.3% during the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after purchasing an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in shares of Motorola Solutions during the second quarter worth approximately $257,000. Finally, Rockline Wealth Management LLC bought a new stake in shares of Motorola Solutions in the second quarter valued at approximately $333,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.1%

Shares of MSI opened at $376.98 on Monday. 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, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The firm has a market cap of $62.79 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 3.00 and a beta of 1.00. The business’s fifty day moving average is $388.59 and its 200-day moving average is $425.44.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share 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 for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm posted $3.74 earnings per share. Motorola Solutions’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared 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%. The ex-dividend date is Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is 38.84%.

Wall Street Analyst Weigh In

A number of research firms have commented on MSI. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Monday, December 1st. Barclays reduced their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Piper Sandler reaffirmed 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 22nd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $495.00.

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.