Delta Global Management LP decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 22.0% during the first quarter, Holdings Channel.com reports. The firm owned 5,152 shares of the communications equipment provider’s stock after selling 1,455 shares during the period. Delta Global Management LP’s holdings in Motorola Solutions were worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its holdings in Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Motorola Solutions in the 3rd quarter worth about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Motorola Solutions during the fourth quarter worth approximately $27,000. Finally, HHM Wealth Advisors LLC grew its holdings in Motorola Solutions by 217.4% in the first quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 50 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Price Performance
NYSE:MSI opened at $418.44 on Friday. The stock has a 50 day moving average of $409.42 and a two-hundred day moving average of $424.49. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market cap of $69.46 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.91 and a beta of 0.88. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MSI. Piper Sandler boosted their price objective on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Barclays increased their target price on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Zacks Research raised shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Finally, Truist Financial decreased their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $504.67.
View Our Latest Analysis 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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