Berry Wealth Group LP Increases Position in Motorola Solutions, Inc. (NYSE:MSI)

Berry Wealth Group LP grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.3% in the third quarter, HoldingsChannel.com reports. The firm owned 17,128 shares of the communications equipment provider’s stock after purchasing an additional 46 shares during the period. Motorola Solutions comprises about 5.5% of Berry Wealth Group LP’s investment portfolio, making the stock its 4th largest holding. Berry Wealth Group LP’s holdings in Motorola Solutions were worth $7,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions in the 2nd quarter worth about $25,000. Beacon Capital Management LLC grew its holdings in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC increased its position in shares of Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in Motorola Solutions during the second quarter worth $29,000. Finally, Crewe Advisors LLC purchased a new position in Motorola Solutions in the first quarter worth $28,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America raised their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays increased their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Price Performance

Shares of MSI traded up $2.83 during midday trading on Monday, hitting $478.03. 128,144 shares of the company traded hands, compared to its average volume of 662,171. Motorola Solutions, Inc. has a one year low of $271.73 and a one year high of $480.28. The firm has a market cap of $79.74 billion, a P/E ratio of 58.74, a PEG ratio of 4.07 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a 50-day moving average of $442.98 and a 200-day moving average of $397.30.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.41 EPS. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Motorola Solutions 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.