Argyle Capital Management Inc. Lowers Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Argyle Capital Management Inc. cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 1,739 shares of the communications equipment provider’s stock after selling 42 shares during the quarter. Argyle Capital Management Inc.’s holdings in Motorola Solutions were worth $782,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. abrdn plc increased its holdings in Motorola Solutions by 6.7% in the 3rd quarter. abrdn plc now owns 91,996 shares of the communications equipment provider’s stock worth $41,207,000 after acquiring an additional 5,785 shares in the last quarter. Autumn Glory Partners LLC purchased a new position in Motorola Solutions during the third quarter valued at $206,000. Nisa Investment Advisors LLC grew its position in shares of Motorola Solutions by 12.5% in the third quarter. Nisa Investment Advisors LLC now owns 84,449 shares of the communications equipment provider’s stock valued at $38,050,000 after purchasing an additional 9,386 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Motorola Solutions during the third quarter worth about $533,000. Finally, Inscription Capital LLC raised its position in shares of Motorola Solutions by 2.7% during the 3rd quarter. Inscription Capital LLC now owns 4,163 shares of the communications equipment provider’s stock worth $1,872,000 after purchasing an additional 108 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MSI shares. Barclays lifted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $479.50.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by insiders.

Motorola Solutions Trading Up 0.5 %

MSI traded up $2.16 during mid-day trading on Tuesday, hitting $459.55. 72,796 shares of the stock were exchanged, compared to its average volume of 659,647. The firm’s fifty day moving average is $448.79 and its two-hundred day moving average is $402.21. Motorola Solutions, Inc. has a 1-year low of $272.38 and a 1-year high of $480.28. The company has a market cap of $76.65 billion, a PE ratio of 56.56, a PEG ratio of 3.96 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 earnings per share. Equities analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.85%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

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.