Prudential PLC Has $35.58 Million Position in Motorola Solutions, Inc. $MSI

Key Points

• Prudential PLC trimmed its Motorola Solutions stake by 6.7% to 77,816 shares, valued at about $35.58 million at the end of the quarter.
• Significant insider selling: CEO Cynthia Yazdi sold 7,000 shares (a 42.35% reduction in her position) and director Kenneth D. Denman sold 434 shares, with insiders offloading 129,069 shares worth roughly $60.78 million over the past 90 days.
• Motorola beat quarterly EPS and revenue estimates, declared a $1.21 quarterly dividend (annualized $4.84, ~1.0% yield), and analysts remain mostly positive with an average price target near $497.

Prudential PLC lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,816 shares of the communications equipment provider's stock after selling 5,587 shares during the period. Prudential PLC's holdings in Motorola Solutions were worth $35,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. Texas Capital Bank Wealth Management Services Inc increased its position in shares of Motorola Solutions by 33.6% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 652 shares of the communications equipment provider's stock worth $298,000 after purchasing an additional 164 shares during the period. United Financial Planning Group LLC bought a new stake in Motorola Solutions during the third quarter worth about $225,000. Brown Brothers Harriman & Co. grew its stake in Motorola Solutions by 10.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,025 shares of the communications equipment provider's stock worth $469,000 after buying an additional 93 shares in the last quarter. Banque Transatlantique SA increased its holdings in Motorola Solutions by 16.8% in the 3rd quarter. Banque Transatlantique SA now owns 131,193 shares of the communications equipment provider's stock valued at $59,926,000 after buying an additional 18,871 shares during the period. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Motorola Solutions in the 3rd quarter valued at approximately $432,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Motorola Solutions

In other news, 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 value of $204,032.08. Following the completion of the transaction, the director directly owned 7,153 shares in the company, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 129,069 shares of company stock worth $60,779,964. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Stock Up 2.3%

MSI stock opened at $473.41 on Friday. The firm has a 50-day moving average price of $429.21 and a 200-day moving average price of $423.29. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $78.43 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 3.24 and a beta of 0.96.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 EPS. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be issued a dividend of $1.21 per share. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio is 37.93%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target 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. Weiss Ratings raised shares of Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Piper Sandler restated an "overweight" rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Barclays raised their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a "strong-buy" rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $497.14.

Motorola Solutions Profile

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.

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