Handelsbanken Fonder AB decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,071 shares of the communications equipment provider’s stock after selling 3,416 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of Motorola Solutions worth $35,329,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in MSI. Fulton Bank N.A. grew its position in Motorola Solutions by 3.4% in the second quarter. Fulton Bank N.A. now owns 847 shares of the communications equipment provider’s stock worth $352,000 after buying an additional 28 shares during the last quarter. Steadtrust LLC lifted its position in shares of Motorola Solutions by 2.5% during the 2nd quarter. Steadtrust LLC now owns 1,630 shares of the communications equipment provider’s stock valued at $677,000 after acquiring an additional 40 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Motorola Solutions by 1.7% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 1,797 shares of the communications equipment provider’s stock valued at $746,000 after acquiring an additional 30 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Motorola Solutions by 12.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,522 shares of the communications equipment provider’s stock valued at $632,000 after acquiring an additional 167 shares during the last quarter. Finally, Cooper Financial Group bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $231,000. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Up 0.8%
NYSE:MSI opened at $465.76 on Wednesday. The firm has a market capitalization of $77.08 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 3.00 and a beta of 0.87. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $493.57. 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 business’s fifty day moving average price is $419.03 and its 200 day moving average price is $429.59.
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 issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on MSI shares. Barclays lifted their target price on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Zacks Research upgraded Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Piper Sandler lifted their price target on Motorola Solutions from $503.00 to $530.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Bank of America reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $516.67.
Get Our Latest Analysis on Motorola Solutions
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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