Blue Trust Inc. boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,066 shares of the communications equipment provider’s stock after purchasing an additional 153 shares during the quarter. Blue Trust Inc.’s holdings in Motorola Solutions were worth $1,289,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC boosted its stake in Motorola Solutions by 3.2% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider’s stock worth $409,000 after purchasing an additional 29 shares during the period. Ninety One North America Inc. boosted its stake in Motorola Solutions by 42.9% in the 2nd quarter. Ninety One North America Inc. now owns 44,915 shares of the communications equipment provider’s stock worth $18,885,000 after purchasing an additional 13,475 shares during the period. Invesco LLC boosted its stake in Motorola Solutions by 48.8% in the 2nd quarter. Invesco LLC now owns 1,768 shares of the communications equipment provider’s stock worth $743,000 after purchasing an additional 580 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Motorola Solutions by 228.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider’s stock worth $3,663,000 after purchasing an additional 5,823 shares during the period. Finally, Cullen Investment Group LTD. boosted its stake in Motorola Solutions by 7.9% in the 2nd quarter. Cullen Investment Group LTD. now owns 25,322 shares of the communications equipment provider’s stock worth $10,647,000 after purchasing an additional 1,862 shares during the period. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Performance
NYSE:MSI opened at $456.01 on Friday. The stock’s fifty day moving average is $464.59 and its 200 day moving average is $435.29. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The firm has a market capitalization of $75.97 billion, a PE ratio of 36.72, a PEG ratio of 3.66 and a beta of 0.97. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73.
Motorola Solutions Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $0.0109 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 35.10%.
Insiders Place Their Bets
In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total value of $3,802,242.30. Following the sale, the senior vice president owned 10,244 shares in the company, valued at $4,860,265.80. This trade represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the sale, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. The trade was a 10.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 248,493 shares of company stock worth $116,848,278. 1.44% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently commented on MSI. Wolfe Research began coverage on Motorola Solutions in a research report on Monday, July 7th. They set a “peer perform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday. Evercore ISI increased their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays lowered their target price on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, Piper Sandler began coverage on Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $513.78.
Read Our Latest Research Report on Motorola Solutions
About Motorola Solutions
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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