Geode Capital Management LLC lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 9.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,987,958 shares of the communications equipment provider’s stock after selling 437,419 shares during the quarter. Geode Capital Management LLC’s holdings in Motorola Solutions were worth $1,525,188,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Revolve Wealth Partners LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $210,000. HUB Investment Partners LLC raised its position in shares of 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 purchasing an additional 709 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of Motorola Solutions by 17.7% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock worth $6,845,000 after purchasing an additional 2,450 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $891,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.5%
MSI opened at $410.92 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The stock has a market cap of $68.21 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.85 and a beta of 0.93. The stock’s 50 day moving average price is $429.48 and its 200 day moving average price is $414.59.
Motorola Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Barclays increased their price target on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Piper Sandler increased their price target 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 set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $504.67.
Read Our Latest Analysis on Motorola Solutions
Insider Buying and Selling
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 value of $13,590,508.25. Following the sale, the chief executive officer directly owned 90,721 shares in the company, valued at $43,360,101.95. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is currently owned by corporate insiders.
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.
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