State of New Jersey Common Pension Fund D Has $21.56 Million Stock Holdings in Motorola Solutions, Inc. $MSI

State of New Jersey Common Pension Fund D trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,241 shares of the communications equipment provider’s stock after selling 1,596 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Motorola Solutions were worth $21,558,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSI. Orion Capital Management LLC acquired a new stake in Motorola Solutions during the 3rd quarter worth approximately $25,000. United Community Bank raised its holdings in Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares during the period. Strategic Advocates LLC acquired a new stake in Motorola Solutions during the 3rd quarter worth approximately $28,000. JPL Wealth Management LLC acquired a new stake in Motorola Solutions during the 3rd quarter worth approximately $31,000. Finally, Field & Main Bank acquired a new stake in Motorola Solutions during the 3rd quarter worth approximately $35,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the completion of the transaction, the chief executive officer owned 47,167 shares in the company, valued at approximately $22,078,401.03. This represents a 51.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director owned 7,153 shares of the company’s stock, valued at $3,362,768.36. The trade was a 5.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 129,069 shares of company stock worth $60,779,964. 1.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSI. Piper Sandler restated an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Truist Financial began coverage on shares of Motorola Solutions in a report on Tuesday, March 31st. They set a “buy” rating and a $540.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $502.50.

Motorola Solutions Price Performance

NYSE MSI opened at $439.18 on Friday. The firm’s 50 day moving average is $452.44 and its 200-day moving average is $417.66. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $72.99 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.99 and a beta of 0.99. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the company posted $4.04 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Motorola Solutions, Inc. will post 15.25 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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