Sumitomo Mitsui Trust Group Inc. decreased its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 372,878 shares of the communications equipment provider’s stock after selling 10,302 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Motorola Solutions were worth $166,292,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Aristotle Capital Management LLC acquired a new stake in Motorola Solutions during the first quarter valued at $983,432,000. Bank of New York Mellon Corp acquired a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $374,617,000. Bank of America Corp DE increased its stake in shares of Motorola Solutions by 34.3% in the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after purchasing an additional 352,679 shares in the last quarter. State Street Corp raised its holdings in Motorola Solutions by 4.3% in the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock worth $3,269,332,000 after purchasing an additional 323,725 shares during the period. Finally, SEB Asset Management AB purchased a new position in Motorola Solutions during the first quarter worth approximately $112,734,000. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Trading Down 0.1%
Shares of Motorola Solutions stock opened at $491.23 on Monday. The stock has a market cap of $81.29 billion, a P/E ratio of 38.68, a P/E/G ratio of 2.94 and a beta of 0.86. The stock’s 50 day simple moving average is $466.30 and its 200-day simple moving average is $439.19. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $499.00. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86.
Motorola Solutions (NYSE:MSI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $4.41 EPS for the quarter, beating the consensus estimate of $3.85 by $0.56. Motorola Solutions had a return on equity of 98.22% and a net margin of 17.44%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the firm earned $3.57 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Motorola Solutions has set its Q3 2026 guidance at 4.390-4.440 EPS and its FY 2026 guidance at 17.620-17.720 EPS. Analysts predict that Motorola Solutions, Inc. will post 15.87 EPS for the current fiscal year.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Motorola Solutions’s payout ratio is 38.11%.
Analysts Set New Price Targets
Several analysts have commented on MSI shares. Raymond James Financial raised their price objective on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Northcoast Research upped their target price on Motorola Solutions from $510.00 to $525.00 in a research note on Thursday, August 27th. Piper Sandler upped their target price on Motorola Solutions from $530.00 to $531.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 22nd. Barclays increased their target price on Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Evercore lifted their price target on shares of Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $530.10.
Insider Buying and Selling at Motorola Solutions
In other Motorola Solutions news, SVP Kathryn A. Moore sold 1,004 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the completion of the sale, the senior vice president directly owned 1,282 shares of the company’s stock, valued at approximately $611,462.72. This trade represents a 43.92% 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, CEO Gregory Brown sold 14,220 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the transaction, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. This represents a 17.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.28% of the company’s stock.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.
Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.
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