Arvest Investments Inc. Sells 2,051 Shares of Motorola Solutions, Inc. $MSI

Arvest Investments Inc. lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 76.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 617 shares of the communications equipment provider’s stock after selling 2,051 shares during the period. Arvest Investments Inc.’s holdings in Motorola Solutions were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSI. Vanguard Group Inc. grew its position in shares of Motorola Solutions by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after purchasing an additional 286,366 shares in the last quarter. Capital World Investors boosted its stake in Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after buying an additional 490,354 shares during the period. State Street Corp boosted its stake in Motorola Solutions by 1.3% during the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after buying an additional 101,408 shares during the period. Raymond James Financial Inc. grew its position in Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after buying an additional 31,744 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Motorola Solutions by 35.2% during the second quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock worth $568,930,000 after buying an additional 353,113 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 28,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the transaction, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the sale, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. This trade represents a 5.72% 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 worth $60,779,964 over the last quarter. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Down 0.1%

MSI opened at $438.35 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. 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 business’s 50-day moving average price is $446.96 and its 200-day moving average price is $420.12. The company has a market cap of $72.62 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.07 and a beta of 0.99.

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

Motorola Solutions Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSI. Barclays upped their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler reissued an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. 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. Finally, Truist Financial initiated coverage on shares of Motorola Solutions in a report on Tuesday, March 31st. They set a “buy” rating and a $540.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $502.50.

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.