NewEdge Advisors LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 34,422 shares of the communications equipment provider’s stock after buying an additional 4,921 shares during the period. NewEdge Advisors LLC’s holdings in Motorola Solutions were worth $14,295,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in Motorola Solutions by 41,102.0% in the 2nd quarter. California State Teachers Retirement System now owns 106,656,854 shares of the communications equipment provider’s stock valued at $44,293,525,000 after acquiring an additional 106,397,991 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock valued at $1,570,096,000 after purchasing an additional 31,744 shares during the period. Norges Bank bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $942,542,000. Aristotle Capital Management LLC acquired a new position in shares of Motorola Solutions in the first quarter valued at $983,432,000. Finally, Morgan Stanley raised 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 in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
MSI opened at $466.94 on Friday. 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 company’s 50 day simple moving average is $449.68 and its 200-day simple moving average is $437.46. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $494.85. The stock has a market capitalization of $77.27 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.77 and a beta of 0.88.
Motorola Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 (DPR) is presently 38.11%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Truist Financial lifted their target price on shares of Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Barclays upped their target price on shares of Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Evercore restated an “outperform” rating and set a $550.00 price target on shares of Motorola Solutions in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $519.44.
Read Our Latest Stock Analysis on MSI
Insiders Place Their Bets
In other news, CEO Gregory Brown sold 14,220 shares of the firm’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 directly owned 66,648 shares in the company, valued at $32,338,942.56. This trade represents a 17.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the sale, the senior vice president owned 1,282 shares of the company’s stock, valued at $611,462.72. This represents a 43.92% decrease in their position. The SEC filing for this sale provides additional information. 1.28% of the stock is currently owned by insiders.
Motorola Solutions Company Profile
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
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