NewEdge Wealth LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,339 shares of the communications equipment provider’s stock after selling 1,396 shares during the quarter. NewEdge Wealth LLC’s holdings in Motorola Solutions were worth $3,185,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in MSI. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Motorola Solutions during the 4th quarter worth $27,000. Whipplewood Advisors LLC raised its holdings in Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions during the fourth quarter valued at about $28,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 54 shares in the last quarter. Finally, Orion Capital Management LLC grew its position in shares of Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 25 shares during the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Up 2.8%
MSI stock opened at $418.44 on Friday. The stock has a market capitalization of $69.46 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.83 and a beta of 0.88. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The firm has a 50 day moving average of $409.42 and a 200 day moving average of $424.49.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Wall Street Analyst Weigh In
Several research firms recently commented on MSI. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Zacks Research raised Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a report on Friday, May 8th. Finally, Barclays raised their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $504.67.
Read 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.
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