Teacher Retirement System of Texas Raises Holdings in Motorola Solutions, Inc. $MSI

Teacher Retirement System of Texas boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 42.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,362 shares of the communications equipment provider’s stock after purchasing an additional 40,034 shares during the quarter. Teacher Retirement System of Texas’ holdings in Motorola Solutions were worth $51,887,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in 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 worth $10,139,015,000 after purchasing an additional 286,366 shares during the period. Capital World Investors increased its holdings in Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the period. Raymond James Financial Inc. increased its holdings in Motorola Solutions by 0.9% during the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after purchasing an additional 31,744 shares during the period. Ameriprise Financial Inc. increased its holdings in Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock worth $568,930,000 after purchasing an additional 353,113 shares during the period. Finally, Swedbank AB increased its holdings in Motorola Solutions by 20.3% during the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of several recent research reports. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Wall Street Zen upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Truist Financial started coverage on Motorola Solutions in a report on Tuesday, March 31st. They issued a “buy” rating and a $540.00 price objective on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $502.50.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the completion of the sale, the chief executive officer directly owned 90,721 shares of the company’s stock, valued at approximately $43,360,101.95. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 434 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the sale, the director directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is owned by company insiders.

Motorola Solutions Stock Down 1.0%

Shares of NYSE MSI opened at $441.18 on Thursday. The stock has a market cap of $73.32 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 3.11 and a beta of 0.99. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The business has a 50-day moving average price of $454.91 and a 200 day moving average price of $418.30.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (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 analysts’ expectations of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 15.25 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were given a $1.21 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio is 37.93%.

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.