Truist Financial Corp Acquires 29,853 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Truist Financial increased its stake in Motorola Solutions by 91.7%, purchasing 29,853 shares to hold 62,398 shares worth about $23.92 million.
• Motorola Solutions beat quarterly expectations with $4.59 EPS (vs. $4.35 est.) and $3.38B revenue (up 12.3% YoY), and analysts maintain an average Buy rating with a mean price target of $502.50.
• Company insiders have been net sellers recently — including CEO Cynthia Yazdi's sale of 7,000 shares — with 129,069 shares sold (~$60.78 million) over the past 90 days; insiders now own about 1.28% of the stock.

Truist Financial Corp lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 91.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,398 shares of the communications equipment provider's stock after buying an additional 29,853 shares during the quarter. Truist Financial Corp's holdings in Motorola Solutions were worth $23,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MSI. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions during the third quarter valued at about $25,000. United Community Bank grew its stake in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider's stock valued at $27,000 after buying an additional 26 shares during the period. Strategic Advocates LLC bought a new stake in Motorola Solutions in the 3rd quarter valued at about $28,000. JPL Wealth Management LLC acquired a new position in Motorola Solutions during the 3rd quarter worth approximately $31,000. Finally, Field & Main Bank acquired a new position in Motorola Solutions during the 3rd quarter worth approximately $35,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Down 1.1%

MSI stock opened at $433.37 on Thursday. The firm has a market capitalization of $72.03 billion, a PE ratio of 33.96, a P/E/G ratio of 3.06 and a beta of 0.93. 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 twelve month low of $359.36 and a twelve month high of $492.22. The stock's 50 day moving average is $451.32 and its 200-day moving average is $417.06.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating analysts' consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the firm posted $4.04 EPS. Motorola Solutions's quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions, Inc. will post 15.25 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

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

Wall Street Analyst Weigh In

MSI has been the subject of a number of research reports. Morgan Stanley reissued an "overweight" rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Piper Sandler reaffirmed an "overweight" rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Barclays boosted their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a research note on Thursday, February 12th. Finally, Argus raised shares of Motorola Solutions to a "strong-buy" rating in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions has an average rating of "Buy" and an average price target of $502.50.

Insider Activity at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of the business's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth D. Denman sold 434 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 129,069 shares of company stock valued at $60,779,964 over the last ninety days. Corporate insiders own 1.28% of the company's stock.

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.

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