Oddo BHF Asset Management Sas lessened its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 40,351 shares of the communications equipment provider’s stock after selling 4,361 shares during the period. Oddo BHF Asset Management Sas’ holdings in Motorola Solutions were worth $15,467,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MSI. Norges Bank acquired a new stake in Motorola Solutions in the 4th quarter valued at approximately $942,542,000. Northwestern Mutual Wealth Management Co. increased its holdings in Motorola Solutions by 11,507.4% in the 4th 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. Stifel Financial Corp increased its holdings in Motorola Solutions by 576.0% in the 4th quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock valued at $271,429,000 after purchasing an additional 603,330 shares during the last quarter. Ninety One UK Ltd increased its holdings in 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 valued at $513,108,000 after purchasing an additional 570,712 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Motorola Solutions by 150.3% in the 4th quarter. Franklin Resources Inc. now owns 933,462 shares of the communications equipment provider’s stock valued at $357,815,000 after purchasing an additional 560,510 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $410.80 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The firm has a fifty day moving average price of $420.82 and a 200 day moving average price of $417.39. The company has a market cap of $68.19 billion, a P/E ratio of 33.10, a PEG ratio of 2.87 and a beta of 0.89. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.
Motorola Solutions Announces Dividend
The company also recently announced 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. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is presently 39.00%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Raymond James Financial restated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research note on Friday, May 8th. Truist Financial dropped their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Piper Sandler boosted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. One research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $504.67.
Check Out Our Latest Report on MSI
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.
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