Generali Asset Management SPA SGR Lowers Stock Position in Motorola Solutions, Inc. $MSI

Generali Asset Management SPA SGR trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 25.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,332 shares of the communications equipment provider’s stock after selling 1,805 shares during the period. Generali Asset Management SPA SGR’s holdings in Motorola Solutions were worth $2,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after purchasing an additional 384,479 shares during the period. State Street Corp grew its holdings in shares of Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after purchasing an additional 101,408 shares during the period. Geode Capital Management LLC increased its position in Motorola Solutions by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Motorola Solutions by 0.8% in the second quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after buying an additional 27,206 shares during the period. Finally, Norges Bank acquired a new position in Motorola Solutions during the second quarter valued at approximately $872,307,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of several recent research reports. Barclays dropped their price objective on shares of 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 reissued a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Piper Sandler restated a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Finally, Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $495.00.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $380.86 on Friday. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company’s fifty day moving average price is $382.22 and its two-hundred day moving average price is $424.39. The firm has a market capitalization of $63.43 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.85 and a beta of 1.00. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $3.74 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share 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 $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. 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. Motorola Solutions’s dividend payout ratio 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.