MASTERINVEST Kapitalanlage GmbH reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 25.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,141 shares of the communications equipment provider’s stock after selling 1,421 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Motorola Solutions were worth $1,797,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MSI. Norges Bank bought a new position in Motorola Solutions in the 4th quarter valued at $942,542,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Motorola Solutions by 11,507.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after purchasing an additional 1,181,925 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Motorola Solutions by 95.6% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock valued at $491,824,000 after purchasing an additional 627,066 shares during the period. Stifel Financial Corp boosted its stake in shares of Motorola Solutions by 576.0% during the fourth quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock valued at $271,429,000 after purchasing an additional 603,330 shares during the period. Finally, Ninety One UK Ltd grew its holdings in shares of Motorola Solutions by 74.3% in the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after purchasing an additional 570,712 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 1.5%
Shares of NYSE MSI opened at $407.60 on Thursday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The stock’s fifty day simple moving average is $407.80 and its two-hundred day simple moving average is $423.34. The stock has a market capitalization of $67.66 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th were issued a $1.21 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Barclays raised their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Piper Sandler lifted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Truist Financial lowered their price target on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $504.67.
Read Our Latest Research Report on Motorola Solutions
About Motorola Solutions
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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