Donaldson Capital Management LLC Sells 2,547 Shares of Motorola Solutions, Inc. $MSI

Donaldson Capital Management LLC cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,937 shares of the communications equipment provider’s stock after selling 2,547 shares during the quarter. Donaldson Capital Management LLC’s holdings in Motorola Solutions were worth $3,042,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

MSI has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Piper Sandler reiterated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays increased their price objective on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $497.14.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 129,069 shares of company stock worth $60,779,964 in the last ninety days. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

NYSE MSI opened at $438.44 on Monday. The company’s 50 day simple moving average is $443.26 and its two-hundred day simple moving average is $421.40. 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, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The stock has a market capitalization of $72.63 billion, a PE ratio of 34.36, a P/E/G ratio of 3.07 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 EPS. Analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal 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 paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio is currently 37.93%.

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.