Ferguson Wellman Capital Management Inc. lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,775 shares of the communications equipment provider’s stock after selling 1,268 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Motorola Solutions were worth $6,143,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MSI. Aristotle Capital Management LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $983,432,000. Bank of New York Mellon Corp purchased a new stake in Motorola Solutions during the second quarter worth approximately $374,617,000. Balyasny Asset Management L.P. boosted its holdings in Motorola Solutions by 9,067.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 575,159 shares of the communications equipment provider’s stock valued at $220,470,000 after purchasing an additional 568,885 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Motorola Solutions by 150.3% in the fourth quarter. Franklin Resources Inc. now owns 933,462 shares of the communications equipment provider’s stock valued at $357,815,000 after purchasing an additional 560,510 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Motorola Solutions by 34.3% in the first quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after purchasing an additional 352,679 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
MSI stock traded up $9.11 during trading on Monday, reaching $456.52. 292,815 shares of the company were exchanged, compared to its average volume of 1,058,517. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. The stock’s 50 day moving average price is $462.34 and its 200 day moving average price is $435.83. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $494.85. The company has a market cap of $75.55 billion, a P/E ratio of 35.98, a PEG ratio of 2.67 and a beta of 0.88.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.11%.
Insiders Place Their Bets
In other news, CEO Gregory Brown sold 14,220 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the sale, the chief executive officer owned 66,648 shares in the company, valued at $32,338,942.56. This trade represents a 17.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. The trade was a 43.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.28% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on MSI. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group lifted their target price on Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Evercore reissued an “outperform” rating and issued a $550.00 target price on shares of Motorola Solutions in a research report on Wednesday, August 26th. Piper Sandler lifted their price target on Motorola Solutions from $530.00 to $531.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 22nd. Finally, Bank of America restated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus target price of $519.56.
Read Our Latest Stock Report on Motorola Solutions
Motorola Solutions Company Profile
Motorola Solutions, Inc is a technology company that provides communications, command center, video security and analytical solutions for public safety and commercial organizations. Its offerings are designed to help government agencies, first responders, enterprises and other organizations coordinate operations, manage incidents and improve security.
The company’s products and services include land mobile radio communications, broadband and software-based communications, computer-aided dispatch and records-management systems, video security and access-control technologies, and command center software.
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