Truist Financial Corp Sells 1,761 Shares of Motorola Solutions, Inc. $MSI

Truist Financial Corp lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,545 shares of the communications equipment provider’s stock after selling 1,761 shares during the period. Truist Financial Corp’s holdings in Motorola Solutions were worth $14,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Motorola Solutions in the second quarter worth $872,307,000. Marshall Wace LLP bought a new stake in Motorola Solutions in the 2nd quarter worth about $230,743,000. Voya Investment Management LLC raised its position in Motorola Solutions by 116.5% in 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 during the last quarter. Qube Research & Technologies Ltd lifted its stake in Motorola Solutions by 54.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after acquiring an additional 422,039 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Barclays decreased their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $465.00 to $443.00 in a research note on Monday, January 5th. Finally, Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Trading Down 0.1%

Shares of Motorola Solutions stock opened at $402.58 on Friday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company’s fifty day simple moving average is $381.46 and its 200-day simple moving average is $421.18. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The stock has a market capitalization of $67.05 billion, a PE ratio of 32.31, a P/E/G ratio of 3.01 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.74 EPS. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s dividend payout ratio is 38.84%.

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.