SG Americas Securities LLC Purchases 4,489 Shares of Motorola Solutions, Inc. $MSI

SG Americas Securities LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 94.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,233 shares of the communications equipment provider’s stock after acquiring an additional 4,489 shares during the quarter. SG Americas Securities LLC’s holdings in Motorola Solutions were worth $4,222,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Valeo Financial Advisors LLC boosted its holdings in Motorola Solutions by 2.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after purchasing an additional 21 shares during the period. Advisors Capital Management LLC raised its position in shares of Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after buying an additional 24 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Motorola Solutions by 0.3% in the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after buying an additional 24 shares in the last quarter. Rexford Capital Inc. boosted its stake in shares of Motorola Solutions by 0.6% in the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after buying an additional 24 shares during the period. Finally, IFC Advisors LLC grew its position in Motorola Solutions by 0.6% during the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after buying an additional 25 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays cut 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. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Finally, Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $383.31 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The stock has a market cap of $63.84 billion, a PE ratio of 30.76, a P/E/G ratio of 2.86 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. The business’s 50-day moving average price is $377.28 and its two-hundred day moving average price is $423.46.

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, beating analysts’ consensus estimates of $3.85 by $0.21. The company 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 firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $3.74 EPS. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

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

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.