Cullen Investment Group LTD. Sells 10,331 Shares of Motorola Solutions, Inc. $MSI

Cullen Investment Group LTD. decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 39.4% in the 4th quarter, HoldingsChannel reports. The firm owned 15,865 shares of the communications equipment provider’s stock after selling 10,331 shares during the quarter. Cullen Investment Group LTD.’s holdings in Motorola Solutions were worth $6,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Motorola Solutions during the second quarter worth $872,307,000. Marshall Wace LLP bought a new position in shares of Motorola Solutions in the second quarter valued at about $230,743,000. Capital World Investors lifted its position in Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after buying an additional 490,354 shares in the last quarter. Voya Investment Management LLC lifted its position in Motorola Solutions by 116.5% during the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after buying an additional 452,822 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Motorola Solutions by 56.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock worth $550,422,000 after acquiring an additional 435,178 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.8%

Shares of NYSE MSI opened at $450.91 on Thursday. 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 $441.41 and its 200-day moving average is $422.30. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $74.70 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.18 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share 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 business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the firm posted $4.04 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be given a dividend of $1.21 per share. 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 presently 37.93%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSI. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Barclays increased their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a 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 assigned a Hold rating to the stock. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $497.14.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. 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 in the last 90 days. 1.44% of the stock is owned by company insiders.

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.