Dorsey & Whitney Trust CO LLC raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 33.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,642 shares of the communications equipment provider’s stock after purchasing an additional 5,956 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Motorola Solutions were worth $9,062,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the period. Varma Mutual Pension Insurance Co increased its holdings in shares of Motorola Solutions by 8.4% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after purchasing an additional 2,300 shares during the period. Barden Capital Management Inc. bought a new position in shares of Motorola Solutions during the 3rd quarter worth about $1,462,000. Wealthfront Advisers LLC increased its holdings in shares of Motorola Solutions by 28.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 15,802 shares of the communications equipment provider’s stock worth $7,226,000 after purchasing an additional 3,459 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Motorola Solutions by 28.0% during the 4th quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock worth $68,843,000 after purchasing an additional 39,236 shares during the period. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
NYSE MSI opened at $412.50 on Thursday. The stock has a market cap of $68.48 billion, a P/E ratio of 33.24, a PEG ratio of 2.88 and a beta of 0.89. The company’s 50-day simple moving average is $422.27 and its 200 day simple moving average is $416.48. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Truist Financial lowered their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $504.67.
Read Our Latest Report 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.
Further Reading
- Five stocks we like better than Motorola Solutions
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
