Corient Private Wealth LP lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 114.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,499 shares of the communications equipment provider’s stock after buying an additional 34,461 shares during the period. Corient Private Wealth LP’s holdings in Motorola Solutions were worth $26,786,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of MSI. Raymond James Financial Inc. boosted its position in shares of Motorola Solutions by 0.9% during the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after purchasing an additional 31,744 shares in the last quarter. Norges Bank purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $942,542,000. Aristotle Capital Management LLC purchased a new position in shares of Motorola Solutions in the 1st quarter valued at about $983,432,000. Morgan Stanley lifted its stake in shares of Motorola Solutions by 2.0% in the fourth quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock valued at $672,364,000 after purchasing an additional 34,715 shares during the period. Finally, Amundi lifted its stake in shares of Motorola Solutions by 1.9% in the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after purchasing an additional 30,264 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
NYSE:MSI opened at $486.43 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The company has a market capitalization of $80.50 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.87. The firm has a 50-day moving average price of $436.90 and a two-hundred day moving average price of $435.71. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $493.57.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio is presently 38.11%.
Analyst Upgrades and Downgrades
MSI has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $476.00 target price on shares of Motorola Solutions in a research report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Truist Financial boosted their price target on Motorola Solutions from $525.00 to $545.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, Barclays lifted their price objective on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $519.44.
Check Out Our Latest Stock Analysis on Motorola Solutions
Insider Buying and Selling
In other Motorola Solutions news, SVP Kathryn A. Moore sold 1,004 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the sale, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. This represents a 43.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.28% of the company’s stock.
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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