Donaldson Capital Management LLC Sells 2,131 Shares of Motorola Solutions, Inc. $MSI

Donaldson Capital Management LLC reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 16.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,484 shares of the communications equipment provider’s stock after selling 2,131 shares during the period. Donaldson Capital Management LLC’s holdings in Motorola Solutions were worth $4,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSI. Covea Finance boosted its holdings in shares of Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after buying an additional 6,153 shares during the last quarter. Obermeyer Wealth Partners raised its position in Motorola Solutions by 261.0% during the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after acquiring an additional 5,837 shares in the last quarter. Machina Capital S.A.S. lifted its stake in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after acquiring an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in shares of Motorola Solutions in the 2nd quarter valued at about $257,000. Finally, Swedbank AB increased its stake in shares of Motorola Solutions by 20.3% during the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $402.58 on Friday. The company’s 50-day moving average price is $381.46 and its two-hundred day moving average price is $421.18. The firm has a market cap of $67.05 billion, a P/E ratio of 32.31, a P/E/G ratio of 3.01 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business posted $3.74 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, 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 declared 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 is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is presently 38.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $465.00 to $443.00 in a report on Monday, January 5th. 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 report on Monday, December 1st. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Barclays decreased 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $491.86.

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.