Dearborn Partners LLC cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,964 shares of the communications equipment provider’s stock after selling 1,425 shares during the period. Dearborn Partners LLC’s holdings in Motorola Solutions were worth $24,135,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MSI. Strategic Advocates LLC acquired a new stake in shares of Motorola Solutions during the third quarter valued at about $28,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter valued at about $28,000. Orion Capital Management LLC grew its stake in shares of Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the third quarter valued at about $31,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 27 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Down 0.0%
NYSE:MSI opened at $410.54 on Friday. The company has a market capitalization of $68.15 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The stock has a 50-day simple moving average of $423.90 and a 200 day simple moving average of $415.35. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07.
Motorola Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s payout ratio is presently 39.00%.
Analysts Set New Price Targets
MSI has been the subject of a number of research reports. Barclays lifted their price target on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Truist Financial decreased their price target 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. Finally, Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One research 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. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $504.67.
Check Out Our Latest Stock Analysis on Motorola Solutions
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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