BOK Financial Private Wealth Inc. trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,062 shares of the communications equipment provider’s stock after selling 494 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Motorola Solutions were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new stake in Motorola Solutions in the second quarter worth $25,000. Saudi Central Bank bought a new position in shares of Motorola Solutions during the first quarter worth about $29,000. Whipplewood Advisors LLC increased its holdings in shares of Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares during the period. Rossby Financial LCC lifted its position in Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Motorola Solutions by 47.1% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Up 0.6%
Shares of Motorola Solutions stock opened at $391.44 on Monday. The business has a fifty day simple moving average of $452.66 and a 200-day simple moving average of $436.70. Motorola Solutions, Inc. has a fifty-two week low of $387.77 and a fifty-two week high of $507.82. The firm has a market cap of $65.20 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a dividend of $0.0109 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.0%. Motorola Solutions’s dividend payout ratio is currently 34.99%.
Insider Buying and Selling at Motorola Solutions
In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the transaction, the chief executive officer owned 46,936 shares in the company, valued at approximately $22,693,556. The trade was a 51.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages have commented on MSI. Barclays dropped their price target 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. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. UBS Group raised their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Evercore ISI lifted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $506.43.
Read Our Latest Stock Report on MSI
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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