Platinum Investment Management Ltd. bought a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,275 shares of the communications equipment provider’s stock, valued at approximately $1,639,000.
Other institutional investors have also recently bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in Motorola Solutions in the third quarter valued at approximately $28,000. JPL Wealth Management LLC purchased a new stake in Motorola Solutions in the third quarter valued at approximately $31,000. MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions in the fourth quarter valued at approximately $28,000. Orion Capital Management LLC grew its holdings in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Finally, Harbor Investment Advisory LLC grew its holdings in Motorola Solutions by 45.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 27 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Price Performance
MSI opened at $412.38 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a 50 day moving average of $421.37 and a two-hundred day moving average of $416.75. The company has a market cap of $68.45 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.86 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Analyst Upgrades and Downgrades
MSI has been the subject of a number of recent analyst reports. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Piper Sandler boosted their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Barclays boosted their target price 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. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Truist Financial lowered their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $504.67.
View Our Latest Stock Report on Motorola Solutions
Motorola Solutions Company 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.
Further Reading
- Five stocks we like better than Motorola Solutions
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
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.
