Machina Capital S.A.S. Sells 10,662 Shares of Motorola Solutions, Inc. $MSI

Machina Capital S.A.S. lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 76.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,286 shares of the communications equipment provider’s stock after selling 10,662 shares during the quarter. Machina Capital S.A.S.’s holdings in Motorola Solutions were worth $1,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares during the period. State Street Corp raised its stake in shares of Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after purchasing an additional 101,408 shares during the period. Geode Capital Management LLC lifted its holdings in Motorola Solutions by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Motorola Solutions by 0.8% in the 2nd quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock worth $1,430,295,000 after purchasing an additional 27,206 shares during the period. Finally, Norges Bank purchased a new position in Motorola Solutions during the 2nd quarter valued at about $872,307,000. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MSI shares. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Barclays lowered their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Finally, Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Monday, December 1st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $491.86.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $416.03 on Thursday. The company’s fifty day moving average price is $383.90 and its 200-day moving average price is $420.98. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The firm has a market capitalization of $69.29 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 3.06 and a beta of 1.00. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s dividend payout ratio is presently 38.84%.

About Motorola Solutions

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.