Renaissance Technologies LLC decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 23.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 405,095 shares of the communications equipment provider’s stock after selling 125,200 shares during the period. Renaissance Technologies LLC’s holdings in Motorola Solutions were worth $175,799,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions in the 4th quarter valued at about $208,000. Sivia Capital Partners LLC purchased a new position in Motorola Solutions during the second quarter worth about $210,000. HUB Investment Partners LLC boosted its stake in Motorola Solutions by 38.7% in the 2nd quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after buying an additional 709 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in Motorola Solutions by 17.7% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after buying an additional 2,450 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in Motorola Solutions in the 2nd quarter valued at about $891,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Trading Up 2.8%
NYSE MSI opened at $418.44 on Friday. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company’s 50 day moving average price is $409.42 and its 200 day moving average price is $424.49. 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 firm has a market capitalization of $69.46 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.83 and a beta of 0.88.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Barclays lifted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. 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. Piper Sandler increased their target price on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $504.67.
Get Our Latest Stock Analysis on Motorola Solutions
About Motorola Solutions
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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