Motley Fool Asset Management LLC increased its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,303 shares of the communications equipment provider’s stock after purchasing an additional 3,753 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Motorola Solutions were worth $6,633,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of MSI. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions in the fourth quarter worth about $208,000. Sivia Capital Partners LLC acquired a new stake in Motorola Solutions in the second quarter worth about $210,000. HUB Investment Partners LLC lifted its holdings in Motorola Solutions by 38.7% in the second quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after purchasing an additional 709 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in Motorola Solutions by 17.7% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $891,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE MSI opened at $414.21 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 twelve month low of $359.36 and a twelve month high of $492.22. The company has a market capitalization of $68.76 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.83 and a beta of 0.89. The firm has a 50-day moving average of $422.55 and a two-hundred day moving average of $416.16.
Motorola Solutions Dividend Announcement
The company also recently disclosed 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 of this dividend 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 is currently 39.00%.
Analysts Set New Price Targets
A number of brokerages have weighed in on MSI. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Truist Financial cut their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and an average price target of $504.67.
View Our Latest Report 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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