abrdn plc Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

abrdn plc lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,633 shares of the communications equipment provider’s stock after selling 10,363 shares during the quarter. abrdn plc’s holdings in Motorola Solutions were worth $37,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. World Investment Advisors LLC lifted its position in Motorola Solutions by 5,403.9% in the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after buying an additional 35,071 shares during the last quarter. Versor Investments LP acquired a new stake in Motorola Solutions in the third quarter valued at approximately $449,000. Groupama Asset Managment raised its holdings in Motorola Solutions by 8.6% during the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock worth $263,967,000 after purchasing an additional 46,731 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after purchasing an additional 32,157 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Motorola Solutions during the third quarter worth approximately $33,423,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 2.0 %

NYSE:MSI opened at $480.80 on Thursday. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82. The stock has a market cap of $80.35 billion, a price-to-earnings ratio of 52.66, a PEG ratio of 3.45 and a beta of 1.02. The business has a fifty day moving average of $471.59 and a 200-day moving average of $455.09. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Equities analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a $1.09 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, December 13th. Motorola Solutions’s dividend payout ratio is currently 47.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSI shares. Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Morgan Stanley boosted their target price on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Raymond James lifted their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $504.88.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.