Harbour Wealth Management Group Inc. purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,813 shares of the communications equipment provider’s stock, valued at approximately $1,078,000. Motorola Solutions accounts for approximately 0.8% of Harbour Wealth Management Group Inc.’s holdings, making the stock its 27th largest holding.
Several other institutional investors have also modified their holdings of MSI. Strategic Advocates LLC purchased a new position in Motorola Solutions in the third quarter valued at $28,000. MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions during the 4th quarter worth about $28,000. Orion Capital Management LLC boosted its stake in shares of Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 25 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter valued at about $31,000. Finally, Harbor Investment Advisory LLC grew its position 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 worth $33,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE MSI opened at $395.88 on Friday. 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, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a market capitalization of $65.72 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The stock’s 50-day simple moving average is $418.42 and its 200-day simple moving average is $418.03.
Motorola Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a $1.21 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Wall Street Analyst Weigh In
MSI has been the topic of a number of recent research reports. Piper Sandler upped their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Truist Financial lowered 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. Raymond James Financial reissued an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $504.67.
View Our Latest Research Report on MSI
Motorola Solutions 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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