KBC Group NV boosted its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 53,662 shares of the communications equipment provider’s stock after purchasing an additional 7,386 shares during the period. KBC Group NV’s holdings in Motorola Solutions were worth $23,288,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. increased its stake in shares of Motorola Solutions by 0.9% in the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after acquiring an additional 31,744 shares during the period. Norges Bank purchased a new stake in Motorola Solutions in the fourth quarter valued at $942,542,000. Morgan Stanley grew its position in Motorola Solutions by 2.0% during the 4th quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock worth $672,364,000 after purchasing an additional 34,715 shares during the period. Amundi raised its stake in shares of Motorola Solutions by 19.6% during the 4th quarter. Amundi now owns 1,570,227 shares of the communications equipment provider’s stock valued at $601,899,000 after buying an additional 257,483 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Motorola Solutions by 10.7% during the 4th quarter. Swedbank AB now owns 1,490,010 shares of the communications equipment provider’s stock valued at $571,151,000 after buying an additional 144,518 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of Motorola Solutions stock opened at $405.71 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The business has a 50-day moving average price of $408.62 and a 200 day moving average price of $424.19. The firm has a market cap of $67.35 billion, a PE ratio of 32.69, a P/E/G ratio of 2.86 and a beta of 0.88.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a $1.21 dividend. The ex-dividend date of this dividend was 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 currently 39.00%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on MSI shares. Evercore restated an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Piper Sandler lifted their price target 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 boosted their price target on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a research note on Friday, May 8th. Finally, Truist Financial cut their target price 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. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $504.67.
Check Out Our Latest Report 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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