Cynosure Group LLC lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 173.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,201 shares of the communications equipment provider’s stock after acquiring an additional 1,396 shares during the quarter. Cynosure Group LLC’s holdings in Motorola Solutions were worth $844,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Motorola Solutions by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock worth $10,139,015,000 after acquiring an additional 286,366 shares in the last quarter. Capital World Investors lifted its holdings in shares of Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Motorola Solutions by 0.9% in the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock valued at $1,570,096,000 after purchasing an additional 31,744 shares in the last quarter. Norges Bank purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at $942,542,000. Finally, Morgan Stanley lifted its holdings in shares of Motorola Solutions by 2.0% in the fourth quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock valued at $672,364,000 after purchasing an additional 34,715 shares in the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Trading Down 0.4%
Motorola Solutions stock opened at $410.80 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $68.19 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.87 and a beta of 0.89. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company’s fifty day moving average price is $420.82 and its two-hundred day moving average price is $417.39.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on MSI. Evercore restated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Piper Sandler increased their target price on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Barclays increased their target price on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Raymond James Financial restated an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $504.67.
Check Out Our Latest Stock Analysis on Motorola Solutions
About Motorola Solutions
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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