Winthrop Partners WNY LLC purchased a new position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 11,315 shares of the communications equipment provider’s stock, valued at approximately $4,337,000. Motorola Solutions comprises 2.3% of Winthrop Partners WNY LLC’s portfolio, making the stock its 17th biggest holding.
Several other hedge funds have also recently bought and sold shares of MSI. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Motorola Solutions during the fourth quarter worth $27,000. Strategic Advocates LLC purchased a new position in shares of Motorola Solutions in the third quarter valued at $28,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter valued at $28,000. Orion Capital Management LLC raised its stake in shares of Motorola Solutions by 46.3% during the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 25 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $31,000. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Stock Up 0.2%
MSI opened at $395.88 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The firm has a market cap of $65.72 billion, a P/E ratio of 31.90, a PEG ratio of 2.75 and a beta of 0.89. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The business’s fifty day simple moving average is $417.39 and its 200 day simple moving average is $417.87.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be given a dividend of $1.21 per share. The ex-dividend date 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 (DPR) is 39.00%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on MSI shares. Truist Financial lowered their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. Barclays increased their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus target price of $504.67.
Read Our Latest Analysis on MSI
Motorola Solutions Company 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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