NorthCrest Asset Manangement LLC grew its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,538 shares of the communications equipment provider’s stock after acquiring an additional 1,151 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Motorola Solutions were worth $14,996,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Perpetual Ltd acquired a new position in Motorola Solutions in the 3rd quarter valued at about $211,000. Marquette Asset Management LLC grew its stake in shares of Motorola Solutions by 114.6% in the 3rd quarter. Marquette Asset Management LLC now owns 734 shares of the communications equipment provider’s stock valued at $327,000 after buying an additional 392 shares during the period. Argus Investors Counsel Inc. acquired a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $255,000. GK Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $45,000. Finally, Bullock Wealth Management Group raised its position in shares of Motorola Solutions by 1.7% during the 3rd quarter. Bullock Wealth Management Group now owns 2,213 shares of the communications equipment provider’s stock valued at $991,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Up 0.3%
Shares of MSI stock opened at $445.32 on Tuesday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The firm has a market cap of $73.70 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.88. The company has a 50-day moving average of $464.20 and a two-hundred day moving average of $435.38. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $494.85.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.11%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Raymond James Financial upped their price objective on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Evercore raised their target price on Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. Northcoast Research raised their target price on Motorola Solutions from $510.00 to $525.00 in a research note on Thursday, August 27th. UBS Group lifted their target price on Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Piper Sandler upped their price target on Motorola Solutions from $530.00 to $531.00 and gave the company an “overweight” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $530.10.
Get Our Latest Stock Analysis on Motorola Solutions
Insider Activity at Motorola Solutions
In other Motorola Solutions news, SVP Kathryn A. Moore sold 1,004 shares of the company’s 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 transaction, the senior vice president directly owned 1,282 shares in the company, valued at $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Brown sold 14,220 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the transaction, the chief executive officer owned 66,648 shares in the company, valued at $32,338,942.56. This trade represents a 17.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is currently owned by company insiders.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a technology company that provides communications, command center, video security and analytical solutions for public safety and commercial organizations. Its offerings are designed to help government agencies, first responders, enterprises and other organizations coordinate operations, manage incidents and improve security.
The company’s products and services include land mobile radio communications, broadband and software-based communications, computer-aided dispatch and records-management systems, video security and access-control technologies, and command center software.
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