Motorola Solutions, Inc. $MSI Shares Acquired by Harvey Capital Management Inc.

Harvey Capital Management Inc. increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 20.9% in the third quarter, HoldingsChannel.com reports. The firm owned 11,934 shares of the communications equipment provider’s stock after acquiring an additional 2,062 shares during the quarter. Motorola Solutions accounts for 1.2% of Harvey Capital Management Inc.’s portfolio, making the stock its 23rd largest position. Harvey Capital Management Inc.’s holdings in Motorola Solutions were worth $5,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MSI. Revolve Wealth Partners LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at approximately $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter worth approximately $210,000. Norden Group LLC purchased a new position in Motorola Solutions in the 2nd quarter valued at approximately $238,000. Perigon Wealth Management LLC raised its holdings in Motorola Solutions by 3.1% during the second quarter. Perigon Wealth Management LLC now owns 1,188 shares of the communications equipment provider’s stock worth $499,000 after purchasing an additional 36 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in Motorola Solutions by 72.1% during the second quarter. Kathmere Capital Management LLC now owns 1,146 shares of the communications equipment provider’s stock worth $482,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

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

Motorola Solutions Price Performance

Motorola Solutions stock opened at $401.60 on Monday. The stock has a market capitalization of $66.89 billion, a P/E ratio of 32.23, a P/E/G ratio of 3.00 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 company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The firm’s 50-day moving average is $378.22 and its two-hundred day moving average is $421.61.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data 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. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business posted $3.74 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. Motorola Solutions’s payout ratio is 38.84%.

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.