Summit Place Financial Advisors LLC grew its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,002 shares of the communications equipment provider’s stock after purchasing an additional 499 shares during the period. Motorola Solutions comprises approximately 1.9% of Summit Place Financial Advisors LLC’s holdings, making the stock its 16th largest position. Summit Place Financial Advisors LLC’s holdings in Motorola Solutions were worth $3,785,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC raised its position in Motorola Solutions by 3.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider’s stock valued at $409,000 after purchasing an additional 29 shares in the last quarter. Ninety One North America Inc. increased its holdings in shares of Motorola Solutions by 42.9% in the 2nd quarter. Ninety One North America Inc. now owns 44,915 shares of the communications equipment provider’s stock valued at $18,885,000 after acquiring an additional 13,475 shares during the period. Invesco LLC grew its stake in Motorola Solutions by 48.8% during the 2nd quarter. Invesco LLC now owns 1,768 shares of the communications equipment provider’s stock worth $743,000 after buying an additional 580 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Motorola Solutions by 228.9% during the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider’s stock valued at $3,663,000 after acquiring an additional 5,823 shares in the last quarter. Finally, Cullen Investment Group LTD. increased its holdings in shares of Motorola Solutions by 7.9% during the second quarter. Cullen Investment Group LTD. now owns 25,322 shares of the communications equipment provider’s stock valued at $10,647,000 after acquiring an additional 1,862 shares in the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Down 0.4%
NYSE:MSI opened at $456.01 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The stock’s fifty day moving average is $464.59 and its two-hundred day moving average is $435.29. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82. The stock has a market capitalization of $75.97 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 3.66 and a beta of 0.97.
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 paid a $0.0109 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is currently 35.10%.
Insiders Place Their Bets
In other news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John P. Molloy sold 37,514 shares of Motorola Solutions stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total value of $17,345,723.32. Following the sale, the chief operating officer owned 59,328 shares in the company, valued at $27,432,080.64. This trade represents a 38.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,493 shares of company stock valued at $116,848,278 in the last three months. Corporate insiders own 1.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on MSI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday. Evercore ISI boosted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Piper Sandler initiated coverage on Motorola Solutions in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price target for the company. Wolfe Research initiated coverage on Motorola Solutions in a research note on Monday, July 7th. They set a “peer perform” rating for the company. Finally, Barclays cut their price objective on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.78.
Get Our Latest Analysis 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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