Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,104 shares of the communications equipment provider’s stock after selling 2,480 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Motorola Solutions were worth $20,876,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in shares of Motorola Solutions in the 4th quarter valued at $208,000. Sivia Capital Partners LLC bought a new position in Motorola Solutions during the second quarter worth about $210,000. HUB Investment Partners LLC lifted its holdings in Motorola Solutions by 38.7% during the second quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after acquiring an additional 709 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in Motorola Solutions by 17.7% in the second quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after acquiring an additional 2,450 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in Motorola Solutions in the second quarter valued at about $891,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of Motorola Solutions stock opened at $423.85 on Tuesday. 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 firm has a market cap of $70.36 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 2.91 and a beta of 0.88. The stock’s 50-day moving average is $409.73 and its 200-day moving average is $425.08. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.
Motorola Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were issued a dividend of $1.21 per share. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on MSI shares. Weiss Ratings lowered Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Truist Financial decreased their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. Piper Sandler raised their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Barclays lifted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $504.67.
Read Our Latest Stock Report on MSI
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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