Employees Retirement System of Texas lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 32.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 236,262 shares of the communications equipment provider’s stock after buying an additional 57,593 shares during the period. Employees Retirement System of Texas’ holdings in Motorola Solutions were worth $90,564,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Motorola Solutions by 11,507.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after purchasing an additional 1,181,925 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Motorola Solutions by 74.3% in the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after purchasing an additional 570,712 shares during the last quarter. Capital World Investors lifted its holdings in shares of Motorola Solutions by 5.5% in 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 last quarter. Victory Capital Management Inc. boosted its position in Motorola Solutions by 56.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after purchasing an additional 435,178 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock valued at $568,930,000 after purchasing an additional 353,113 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $411.16 on Wednesday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The firm has a market capitalization of $68.25 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.80 and a beta of 0.93. The business has a 50 day simple moving average of $431.88 and a 200 day simple moving average of $414.31.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analysts Forecast Growth
MSI has been the topic of several analyst reports. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Raymond James Financial restated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Piper Sandler increased their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Truist Financial cut their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Report on Motorola Solutions
Insider Activity at Motorola Solutions
In related news, CEO Gregory Q. Brown sold 28,435 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the sale, the chief executive officer owned 90,721 shares of the company’s stock, valued at $43,360,101.95. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth D. Denman sold 434 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,921 shares of company stock worth $17,115,753 over the last ninety days. 1.28% of the stock is currently owned by corporate insiders.
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.
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