Clarus Wealth Advisors Takes Position in Motorola Solutions Inc (MSI)

Clarus Wealth Advisors acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,944 shares of the communications equipment provider’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exane Asset Management bought a new stake in shares of Motorola Solutions during the 4th quarter worth $35,000. Oregon Public Employees Retirement Fund raised its stake in Motorola Solutions by 10,544.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 4,337,175 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Motorola Solutions by 36.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 98 shares during the last quarter. G&S Capital LLC acquired a new position in Motorola Solutions during the 4th quarter valued at $61,000. Finally, Cohen & Steers Inc. raised its stake in Motorola Solutions by 32.3% during the 3rd quarter. Cohen & Steers Inc. now owns 611 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 149 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Rajan Naik sold 14,606 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the transaction, the senior vice president now owns 10,544 shares in the company, valued at approximately $1,339,088. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

Several research firms recently commented on MSI. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research note on Monday, November 26th. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Raymond James set a $139.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group upped their target price on shares of Motorola Solutions from $134.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on shares of Motorola Solutions from $130.00 to $126.00 and set a “sell” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $129.88.

Shares of MSI stock opened at $137.22 on Wednesday. Motorola Solutions Inc has a 52-week low of $100.20 and a 52-week high of $138.32. The firm has a market capitalization of $22.09 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.89 and a beta of 0.53.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.22. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the company posted $2.10 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions Inc will post 7.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th were paid a $0.57 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.66%. Motorola Solutions’s dividend payout ratio is currently 33.38%.

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Motorola Solutions Profile

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Further Reading: The Discount Rate – What You Need to Know

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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