J. Safra Sarasin Holding AG lowered its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 29.7% during the first quarter, HoldingsChannel reports. The firm owned 69,816 shares of the communications equipment provider’s stock after selling 29,450 shares during the period. J. Safra Sarasin Holding AG’s holdings in Motorola Solutions were worth $30,293,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Motorola Solutions in the fourth quarter worth about $27,000. Whipplewood Advisors LLC raised its holdings in shares of Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 59 shares during the period. Strategic Advocates LLC acquired a new stake in shares of Motorola Solutions during the third quarter valued at approximately $28,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $28,000. Finally, Physician Wealth Advisors Inc. lifted its position in shares of Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Down 0.1%
Motorola Solutions stock opened at $422.51 on Monday. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The firm has a market cap of $70.14 billion, a PE ratio of 34.05, a P/E/G ratio of 2.95 and a beta of 0.88. The firm’s 50 day moving average price is $409.21 and its two-hundred day moving average price is $422.57.
Motorola Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on MSI shares. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Barclays increased their target price on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Piper Sandler raised their target price on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Raymond James Financial reissued an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $504.67.
Get Our Latest Analysis on Motorola Solutions
Motorola Solutions Company 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.
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