Motorola Solutions, Inc. $MSI Shares Sold by Berry Wealth Group LP

Berry Wealth Group LP lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 71.6% during the third quarter, HoldingsChannel reports. The firm owned 4,612 shares of the communications equipment provider’s stock after selling 11,617 shares during the period. Motorola Solutions accounts for approximately 6.9% of Berry Wealth Group LP’s holdings, making the stock its 7th biggest position. Berry Wealth Group LP’s holdings in Motorola Solutions were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions in the third quarter worth about $25,000. United Community Bank raised its holdings in shares of Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $33,000. Field & Main Bank acquired a new position in Motorola Solutions in the 3rd quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC purchased a new position in Motorola Solutions during the 3rd quarter worth approximately $38,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of MSI opened at $467.10 on Friday. The firm has a market cap of $77.38 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 3.35 and a beta of 0.96. The company’s fifty day moving average is $419.28 and its 200-day moving average is $423.20. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the prior year, the company posted $4.04 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MSI shares. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Barclays upped their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler reissued an “overweight” rating and issued a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Monday, December 1st. Finally, Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $497.14.

Insider Buying and Selling

In related news, CEO Gregory Q. Brown sold 21,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $469.53, for a total value of $10,141,848.00. Following the completion of the sale, the chief executive officer directly owned 21,580 shares in the company, valued at approximately $10,132,457.40. The trade was a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the transaction, the chief executive officer owned 9,529 shares in the company, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 100,634 shares of company stock worth $47,189,456. 1.44% of the stock is currently owned by insiders.

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.