New York Life Investment Management LLC increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,680 shares of the communications equipment provider’s stock after purchasing an additional 1,984 shares during the period. New York Life Investment Management LLC’s holdings in Motorola Solutions were worth $9,460,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP increased its holdings in Motorola Solutions by 7.1% in the fourth quarter. Allworth Financial LP now owns 4,205 shares of the communications equipment provider’s stock valued at $1,612,000 after purchasing an additional 277 shares during the last quarter. Freemont Management S.A. increased its holdings in Motorola Solutions by 200.0% in the fourth quarter. Freemont Management S.A. now owns 7,500 shares of the communications equipment provider’s stock valued at $2,875,000 after purchasing an additional 5,000 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Motorola Solutions by 1,571.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,675 shares of the communications equipment provider’s stock valued at $1,025,000 after purchasing an additional 2,515 shares during the last quarter. Independent Advisor Alliance increased its holdings in Motorola Solutions by 12.6% in the fourth quarter. Independent Advisor Alliance now owns 2,388 shares of the communications equipment provider’s stock valued at $915,000 after purchasing an additional 267 shares during the last quarter. Finally, Argos Wealth Advisors LLC bought a new stake in Motorola Solutions in the fourth quarter valued at about $1,279,000. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 1.4%
Shares of NYSE:MSI opened at $393.73 on Friday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week 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 company has a market capitalization of $65.36 billion, a PE ratio of 31.73, a PEG ratio of 2.77 and a beta of 0.93. The company has a 50 day moving average price of $440.39 and a two-hundred day moving average price of $414.98.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Insider Transactions at Motorola Solutions
In other news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,069 shares of company stock valued at $60,779,964 over the last quarter. Corporate insiders own 1.28% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on MSI shares. Truist Financial dropped their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Barclays upped their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Piper Sandler upped their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average price target of $504.67.
View Our Latest Analysis on Motorola Solutions
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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