Harbour Investments Inc. raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 463.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,851 shares of the communications equipment provider’s stock after purchasing an additional 4,812 shares during the quarter. Harbour Investments Inc.’s holdings in Motorola Solutions were worth $2,243,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in MSI. Northwestern Mutual Wealth Management Co. grew its holdings in Motorola Solutions by 11,507.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after buying an additional 1,181,925 shares in the last quarter. Ninety One UK Ltd grew its holdings in Motorola Solutions by 74.3% during the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock valued at $513,108,000 after buying an additional 570,712 shares in the last quarter. Capital World Investors grew its holdings in Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after buying an additional 490,354 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Motorola Solutions by 56.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after buying an additional 435,178 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock valued at $568,930,000 after buying an additional 353,113 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of MSI stock opened at $408.95 on Thursday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. 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 $67.88 billion, a P/E ratio of 32.95, a P/E/G ratio of 2.84 and a beta of 0.93. The stock has a 50 day moving average price of $430.64 and a 200 day moving average price of $414.45.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Truist Financial lowered their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Piper Sandler raised their price objective on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $504.67.
Insider Activity
In related news, CEO Gregory Q. Brown sold 28,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the completion of the sale, the chief executive officer directly owned 90,721 shares of the company’s stock, valued at approximately $43,360,101.95. This trade represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.28% of the company’s stock.
Motorola Solutions 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.
Featured Articles
- Five stocks we like better than Motorola Solutions
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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.
