IVC Wealth Advisors LLC increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,342 shares of the communications equipment provider’s stock after acquiring an additional 31 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Motorola Solutions were worth $985,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC raised its holdings in shares of Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 45 shares during the period. Signature Resources Capital Management LLC acquired a new stake in shares of Motorola Solutions during the second quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Motorola Solutions during the first quarter valued at approximately $29,000. Community Bank N.A. acquired a new stake in shares of Motorola Solutions during the first quarter valued at approximately $32,000. Finally, Fort Vancouver Investment Management LLC acquired a new stake in shares of Motorola Solutions during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI opened at $453.47 on Friday. The company’s fifty day moving average is $462.30 and its 200-day moving average is $434.24. 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 $75.55 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 3.62 and a beta of 0.97. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.0109 per share. The ex-dividend date is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Motorola Solutions’s dividend payout ratio is 35.10%.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Piper Sandler assumed coverage on shares of Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 price objective on the stock. Barclays lowered their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Evercore ISI boosted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research report on Saturday, September 27th. Finally, UBS Group boosted their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $513.78.
Get Our Latest Stock Analysis on MSI
Insider Buying and Selling at Motorola Solutions
In other news, SVP Rajan Naik sold 8,014 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 248,493 shares of company stock worth $116,848,278. Company insiders own 1.44% of the company’s stock.
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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