Global Retirement Partners LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 61.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,407 shares of the communications equipment provider’s stock after buying an additional 2,447 shares during the quarter. Global Retirement Partners LLC’s holdings in Motorola Solutions were worth $2,456,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of MSI. Orion Capital Management LLC acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $25,000. United Community Bank lifted its holdings in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 26 shares during the period. Strategic Advocates LLC acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $28,000. JPL Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $31,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Motorola Solutions by 45.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 27 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $404.43 on Friday. The stock has a fifty day moving average price of $434.31 and a 200 day moving average price of $413.96. The stock has a market cap of $67.13 billion, a PE ratio of 32.59, a P/E/G ratio of 2.80 and a beta of 0.93. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on MSI shares. Barclays lifted their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Piper Sandler lifted their price objective on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Truist Financial reduced their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Motorola Solutions has a consensus rating of “Buy” and an average target price of $504.67.
Check Out Our Latest Research Report on Motorola Solutions
Insiders Place Their Bets
In other Motorola Solutions news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the transaction, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction 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 directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. The trade was a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 129,069 shares of company stock valued at $60,779,964. Corporate 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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