Wellington Management Group LLP decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 91.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,682 shares of the communications equipment provider’s stock after selling 221,841 shares during the period. Wellington Management Group LLP’s holdings in Motorola Solutions were worth $9,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at approximately $208,000. Sivia Capital Partners LLC bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $210,000. HUB Investment Partners LLC raised its stake in Motorola Solutions by 38.7% during the 2nd quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after acquiring an additional 709 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in Motorola Solutions by 17.7% during the second quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Motorola Solutions during the second quarter valued at approximately $891,000. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.0%
MSI stock opened at $463.38 on Wednesday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $494.85. The business has a 50 day simple moving average of $447.17 and a two-hundred day simple moving average of $437.21. The company has a market capitalization of $76.68 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.80 and a beta of 0.88.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th will be paid a $1.21 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 1.0%. Motorola Solutions’s payout ratio is presently 38.11%.
Analyst Upgrades and Downgrades
MSI has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $476.00 price objective on shares of Motorola Solutions in a research note on Thursday, August 6th. Barclays lifted their target price on shares of Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Piper Sandler upped their target price on shares of Motorola Solutions from $503.00 to $530.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. UBS Group increased their price target on Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on Motorola Solutions from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $519.44.
Get Our Latest Research Report on Motorola Solutions
Insider Buying and Selling at Motorola Solutions
In other Motorola Solutions news, CEO Gregory Q. Brown sold 14,220 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the completion of the transaction, the chief executive officer owned 66,648 shares of the company’s stock, valued at $32,338,942.56. This represents a 17.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathryn Moore sold 1,004 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the sale, the senior vice president owned 1,282 shares in the company, valued at $611,462.72. This represents a 43.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is owned by insiders.
About Motorola Solutions
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
Read More
- Five stocks we like better than Motorola Solutions
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
