Coastline Trust Co Sells 3,000 Shares of Motorola Solutions, Inc. $MSI

Coastline Trust Co reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 49.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,040 shares of the communications equipment provider’s stock after selling 3,000 shares during the quarter. Coastline Trust Co’s holdings in Motorola Solutions were worth $1,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Motorola Solutions in the third quarter valued at $25,000. United Community Bank raised its holdings in Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 26 shares in the last quarter. Strategic Advocates LLC bought a new position in Motorola Solutions in the 3rd quarter worth $28,000. JPL Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter worth about $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MSI. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $497.14.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $460.12 on Friday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The firm’s 50-day moving average is $436.10 and its 200 day moving average is $423.32. The stock has a market cap of $76.22 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 3.27 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87.

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

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s payout ratio is currently 37.93%.

Insider Activity

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the transaction, the chief executive officer owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer owned 9,529 shares in the company, valued at $4,488,254.29. This represents a 42.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,069 shares of company stock valued at $60,779,964 over the last ninety days. 1.44% of the stock is currently owned by corporate 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.