Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,487 shares of the communications equipment provider’s stock after purchasing an additional 12,364 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Motorola Solutions worth $114,545,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Signature Resources Capital Management LLC purchased a new stake in Motorola Solutions in the second quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Motorola Solutions during the third quarter worth about $33,000. Whipplewood Advisors LLC lifted its holdings in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 55 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Motorola Solutions in the 3rd quarter valued at approximately $38,000. Finally, Rossby Financial LCC boosted 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 buying an additional 52 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Stock Down 2.3%
Motorola Solutions stock opened at $391.33 on Wednesday. The stock has a 50 day moving average of $377.42 and a two-hundred day moving average of $422.08. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The stock has a market capitalization of $65.18 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.99 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59.
Motorola Solutions Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.
Analyst Upgrades and Downgrades
MSI has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $465.00 to $443.00 in a report on Monday, January 5th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Monday, December 1st. Finally, 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 report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $491.86.
Read Our Latest Stock Analysis on Motorola Solutions
Motorola Solutions Company 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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