Czech National Bank raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 6.3% in the second quarter, Holdings Channel reports. The institutional investor owned 40,800 shares of the communications equipment provider’s stock after buying an additional 2,415 shares during the quarter. Czech National Bank’s holdings in Motorola Solutions were worth $17,155,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of MSI. Revolve Wealth Partners LLC purchased a new position in shares of Motorola Solutions in the fourth quarter worth $208,000. State of Wyoming raised its stake in shares of Motorola Solutions by 242.2% in the fourth quarter. State of Wyoming now owns 811 shares of the communications equipment provider’s stock worth $375,000 after purchasing an additional 574 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Motorola Solutions by 1.1% in the fourth quarter. Tidal Investments LLC now owns 17,160 shares of the communications equipment provider’s stock worth $7,932,000 after purchasing an additional 187 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Motorola Solutions by 9.4% in the fourth quarter. Two Sigma Advisers LP now owns 56,800 shares of the communications equipment provider’s stock worth $26,255,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Motorola Solutions in the fourth quarter worth $4,639,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of Motorola Solutions stock opened at $477.05 on Wednesday. The stock has a 50 day moving average of $451.15 and a 200 day moving average of $430.44. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The firm has a market cap of $79.48 billion, a PE ratio of 38.41, a PEG ratio of 3.86 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86.
Motorola Solutions Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0109 per share. 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 is 35.10%.
Insider Buying and Selling
In other Motorola Solutions news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the sale, the chief executive officer owned 46,936 shares in the company, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Evercore ISI lifted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. UBS Group lifted their price objective on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Wolfe Research began coverage on Motorola Solutions in a report on Monday, July 7th. They set a “peer perform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $516.13.
Check Out 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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