Consolidated Planning Corp Sells 591 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Consolidated Planning Corp lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSIGet Rating) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,230 shares of the communications equipment provider’s stock after selling 591 shares during the period. Motorola Solutions comprises approximately 1.3% of Consolidated Planning Corp’s investment portfolio, making the stock its 22nd largest holding. Consolidated Planning Corp’s holdings in Motorola Solutions were worth $4,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MSI. Eagle Asset Management Inc. bought a new stake in Motorola Solutions during the second quarter worth about $69,973,000. First Trust Advisors LP raised its stake in Motorola Solutions by 216.7% in the first quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock valued at $105,393,000 after buying an additional 297,740 shares during the period. Truist Financial Corp raised its stake in Motorola Solutions by 40.5% in the third quarter. Truist Financial Corp now owns 676,272 shares of the communications equipment provider’s stock valued at $151,465,000 after buying an additional 194,827 shares during the period. Goldman Sachs Group Inc. raised its stake in Motorola Solutions by 19.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,057,572 shares of the communications equipment provider’s stock valued at $221,668,000 after buying an additional 174,331 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. raised its stake in Motorola Solutions by 83.4% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 313,963 shares of the communications equipment provider’s stock valued at $65,807,000 after buying an additional 142,817 shares during the period. Institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MSI shares. Edward Jones lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday. Credit Suisse Group lowered Motorola Solutions from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $300.00 to $270.00 in a research note on Wednesday, January 11th. Finally, StockNews.com started coverage on Motorola Solutions in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $286.00.

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 135 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $258.97, for a total transaction of $34,960.95. Following the sale, the senior vice president now owns 4,510 shares of the company’s stock, valued at $1,167,954.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Cynthia Yazdi sold 135 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $258.97, for a total transaction of $34,960.95. Following the sale, the senior vice president now owns 4,510 shares of the company’s stock, valued at $1,167,954.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Q. Brown sold 15,000 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $273.57, for a total value of $4,103,550.00. Following the completion of the sale, the chief executive officer now directly owns 55,615 shares in the company, valued at approximately $15,214,595.55. The disclosure for this sale can be found here. Insiders have sold 128,423 shares of company stock valued at $33,688,438 over the last 90 days. 1.85% of the stock is owned by corporate insiders.

Motorola Solutions Trading Down 0.2 %

Motorola Solutions stock opened at $256.23 on Wednesday. Motorola Solutions, Inc. has a 12 month low of $195.18 and a 12 month high of $275.16. The stock’s 50 day moving average is $261.60 and its 200-day moving average is $246.19. The company has a market capitalization of $42.84 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 2.83 and a beta of 0.93.

Motorola Solutions (NYSE:MSIGet Rating) last posted its earnings results on Thursday, November 3rd. The communications equipment provider reported $2.79 EPS for the quarter, beating the consensus estimate of $2.64 by $0.15. Motorola Solutions had a negative return on equity of 533.01% and a net margin of 13.47%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $2.19 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 9.23 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Thursday, December 15th were given a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 14th. This represents a $3.52 dividend on an annualized basis and a yield of 1.37%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.79. Motorola Solutions’s dividend payout ratio is currently 51.76%.

About Motorola Solutions

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Motorola Solutions, Inc provides mission critical communications and analytics 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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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