Mediolanum International Funds Ltd Buys 39,231 Shares of Motorola Solutions, Inc. $MSI

Mediolanum International Funds Ltd grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 66.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 98,616 shares of the communications equipment provider’s stock after acquiring an additional 39,231 shares during the period. Mediolanum International Funds Ltd owned 0.06% of Motorola Solutions worth $44,789,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSI. Norges Bank acquired a new position in shares of Motorola Solutions in the second quarter valued at approximately $872,307,000. Marshall Wace LLP bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $230,743,000. Voya Investment Management LLC increased its position in Motorola Solutions by 116.5% in the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock valued at $384,793,000 after acquiring an additional 452,822 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Motorola Solutions by 54.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after acquiring an additional 422,039 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Motorola Solutions by 1.8% during the second 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. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI opened at $402.58 on Friday. The firm has a market cap of $67.05 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.00. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The business’s 50 day moving average price is $381.46 and its two-hundred day moving average price is $421.18. 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 (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 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 company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm posted $3.74 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. 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. Motorola Solutions’s payout ratio is presently 38.84%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MSI shares. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Monday, December 1st. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Finally, 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.