Machina Capital S.A.S. Cuts Stake in Motorola Solutions, Inc. $MSI

Machina Capital S.A.S. reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 76.4% during the third quarter, Holdings Channel reports. The fund owned 3,286 shares of the communications equipment provider’s stock after selling 10,662 shares during the period. Machina Capital S.A.S.’s holdings in Motorola Solutions were worth $1,503,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its stake in shares of Motorola Solutions by 45.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,656 shares of the communications equipment provider’s stock valued at $2,587,000 after purchasing an additional 1,773 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Motorola Solutions by 9.5% in the third quarter. Envestnet Asset Management Inc. now owns 650,833 shares of the communications equipment provider’s stock worth $297,619,000 after purchasing an additional 56,617 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Motorola Solutions by 40.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,963 shares of the communications equipment provider’s stock valued at $1,358,000 after buying an additional 850 shares during the period. Westside Investment Management Inc. grew its stake in shares of Motorola Solutions by 1.7% during the third quarter. Westside Investment Management Inc. now owns 3,060 shares of the communications equipment provider’s stock valued at $1,399,000 after buying an additional 51 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Motorola Solutions by 2,982.3% in the third quarter. Strengthening Families & Communities LLC now owns 4,007 shares of the communications equipment provider’s stock worth $1,831,000 after buying an additional 3,877 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

Shares of MSI stock opened at $416.03 on Thursday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a market cap of $69.29 billion, a P/E ratio of 33.39, a P/E/G ratio of 3.06 and a beta of 1.00. The business’s 50 day moving average price is $383.90 and its 200-day moving average price is $420.98.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is presently 38.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a report on Monday, December 1st. Barclays lowered their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Finally, Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

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.