Empire Life Investments Inc. trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 21.0% in the 4th quarter, HoldingsChannel reports. The firm owned 41,118 shares of the communications equipment provider’s stock after selling 10,940 shares during the quarter. Empire Life Investments Inc.’s holdings in Motorola Solutions were worth $15,761,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Orion Capital Management LLC increased its stake in Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares in the last quarter. United Community Bank increased its position in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 27 shares during the period. Parthenon LLC raised its holdings in shares of Motorola Solutions by 1.7% during the third quarter. Parthenon LLC now owns 1,707 shares of the communications equipment provider’s stock valued at $781,000 after acquiring an additional 29 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC lifted its position in shares of Motorola Solutions by 5.5% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 577 shares of the communications equipment provider’s stock valued at $221,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Down 0.1%
NYSE MSI opened at $391.76 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The firm’s fifty day simple moving average is $445.48 and its 200-day simple moving average is $415.74. The company has a market capitalization of $65.03 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.72 and a beta of 0.93.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were paid a $1.21 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is presently 39.00%.
Analysts Set New Price Targets
MSI has been the topic of several research analyst reports. Barclays lifted their price objective on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a research report on Friday. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Stock Analysis on MSI
Insider Buying and Selling
In related news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.28% of the company’s stock.
Motorola Solutions Company Profile
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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