Blue Trust Inc. increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,066 shares of the communications equipment provider’s stock after buying an additional 153 shares during the period. Blue Trust Inc.’s holdings in Motorola Solutions were worth $1,289,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC increased its stake in shares of Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock valued at $25,000 after buying an additional 45 shares during the period. Signature Resources Capital Management LLC purchased a new position in shares of Motorola Solutions during the second quarter valued at $25,000. Saudi Central Bank purchased a new position in shares of Motorola Solutions during the first quarter valued at $29,000. Community Bank N.A. purchased a new position in shares of Motorola Solutions during the first quarter valued at $32,000. Finally, Fort Vancouver Investment Management LLC purchased a new position in shares of Motorola Solutions during the first quarter valued at $37,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE MSI opened at $456.01 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The company has a market cap of $75.97 billion, a PE ratio of 36.72, a P/E/G ratio of 3.66 and a beta of 0.97. The business has a 50-day simple moving average of $464.59 and a two-hundred day simple moving average of $435.29. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is currently 35.10%.
Insiders Place Their Bets
In other Motorola Solutions news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the sale, the senior vice president owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total value of $3,802,242.30. Following the sale, the senior vice president directly owned 10,244 shares of the company’s stock, valued at $4,860,265.80. This trade represents a 43.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,493 shares of company stock worth $116,848,278 in the last three months. Insiders own 1.44% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MSI. Barclays cut their price target on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday. UBS Group raised their price objective on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Piper Sandler began coverage on Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 price objective on the stock. Finally, Wolfe Research began coverage on Motorola Solutions in a research report on Monday, July 7th. They set a “peer perform” rating on the stock. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $513.78.
View Our Latest Stock Report on Motorola Solutions
Motorola Solutions Company Profile
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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