Stock Yards Bank & Trust Co. Increases Holdings in Motorola Solutions, Inc. $MSI

Key Points

• Stock Yards Bank & Trust Co. increased its holdings in Motorola Solutions by 17.2% during Q2, owning 15,227 shares valued at approximately $6.4 million.
• Major research firms have adjusted their price targets for Motorola Solutions, with Evercore ISI setting it at $525.00 and a consensus target price of $513.78.
• Insider trading activity has seen significant share sales, with CEO Gregory Q. Brown selling 50,000 shares for over $24 million, reducing his ownership by 51.58%.

Stock Yards Bank & Trust Co. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,227 shares of the communications equipment provider's stock after buying an additional 2,232 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Motorola Solutions were worth $6,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC raised its position in Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares during the period. Signature Resources Capital Management LLC purchased a new stake in Motorola Solutions in the 2nd quarter worth about $25,000. Saudi Central Bank purchased a new stake in Motorola Solutions in the 1st quarter worth about $29,000. Community Bank N.A. purchased a new stake in Motorola Solutions in the 1st quarter worth about $32,000. Finally, Fort Vancouver Investment Management LLC purchased a new stake in Motorola Solutions in the 1st quarter worth about $37,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MSI. Evercore ISI increased their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Wolfe Research started coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Motorola Solutions in a research report on Saturday, September 27th. Barclays reduced their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Piper Sandler started coverage on shares of Motorola Solutions in a research report on Tuesday, September 23rd. They set a "neutral" rating and a $495.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.78.

Insider Activity

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the sale, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John P. Molloy sold 37,514 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the sale, the chief operating officer owned 59,328 shares of the company's stock, valued at approximately $27,432,080.64. This trade represents a 38.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 248,493 shares of company stock valued at $116,848,278 in the last ninety days. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $453.47 on Friday. The firm has a market cap of $75.55 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.58 and a beta of 0.97. The company's 50 day moving average is $462.30 and its 200 day moving average is $434.16. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.36 by $0.21. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.74 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. Motorola Solutions's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $3.24 earnings per share. Motorola Solutions has set its Q3 2025 guidance at 3.820-3.870 EPS. FY 2025 guidance at 14.880-14.980 EPS. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Monday, September 15th. Motorola Solutions's dividend payout ratio (DPR) is 35.10%.

Motorola Solutions Company 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.

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