Corebridge Financial Inc. Purchases 382 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Corebridge Financial Inc. lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,080 shares of the communications equipment provider’s stock after buying an additional 382 shares during the quarter. Corebridge Financial Inc.’s holdings in Motorola Solutions were worth $19,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock worth $9,789,955,000 after acquiring an additional 310,919 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Motorola Solutions during the fourth quarter worth $835,000. LPL Financial LLC boosted its position in Motorola Solutions by 22.6% during the fourth quarter. LPL Financial LLC now owns 122,916 shares of the communications equipment provider’s stock valued at $56,815,000 after purchasing an additional 22,675 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Motorola Solutions in the fourth quarter worth about $271,000. Finally, Knights of Columbus Asset Advisors LLC lifted its position in Motorola Solutions by 1.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 19,471 shares of the communications equipment provider’s stock valued at $9,000,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Morgan Stanley increased their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

NYSE:MSI opened at $429.49 on Tuesday. The firm has a market cap of $71.70 billion, a P/E ratio of 46.58, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The stock has a 50 day moving average of $445.89 and a two-hundred day moving average of $459.74. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. On average, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.02%. Motorola Solutions’s payout ratio is 47.29%.

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.