Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,735 shares of the communications equipment provider's stock after acquiring an additional 3,305 shares during the quarter. Truist Financial Corp's holdings in Motorola Solutions were worth $16,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MSI. International Assets Investment Management LLC increased its holdings in shares of Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider's stock valued at $435,064,000 after acquiring an additional 965,972 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Motorola Solutions by 4,447.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider's stock valued at $262,989,000 after acquiring an additional 572,040 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Motorola Solutions by 477.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider's stock valued at $140,131,000 after acquiring an additional 257,727 shares during the last quarter. State Street Corp increased its holdings in shares of Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider's stock valued at $3,358,848,000 after acquiring an additional 198,183 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Motorola Solutions by 29.6% in the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider's stock valued at $325,455,000 after acquiring an additional 165,353 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

MSI stock traded down $12.73 during trading on Friday, reaching $421.78. 539,013 shares of the company's stock were exchanged, compared to its average volume of 797,318. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 1-year low of $325.78 and a 1-year high of $507.82. The company's fifty day moving average price is $463.99 and its 200-day moving average price is $459.47. The firm has a market cap of $70.41 billion, a PE ratio of 45.66, a P/E/G ratio of 3.89 and a beta of 1.02.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts expect that Motorola Solutions, Inc. will post 13.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on MSI shares. Raymond James upped their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Barclays lowered their price objective on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Morgan Stanley upped their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $505.88.

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.