Knights of Columbus Asset Advisors LLC reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,036 shares of the communications equipment provider’s stock after selling 5,189 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Motorola Solutions were worth $5,764,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. United Community Bank boosted its holdings in Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 26 shares during the period. Strategic Advocates LLC purchased a new position in Motorola Solutions in the third quarter valued at $28,000. JPL Wealth Management LLC purchased a new position in Motorola Solutions in the third quarter valued at $31,000. Field & Main Bank purchased a new position in Motorola Solutions in the third quarter valued at $35,000. Finally, Orion Capital Management LLC boosted 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. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Stock Down 0.4%
Motorola Solutions stock opened at $408.95 on Thursday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. 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 stock has a market cap of $67.88 billion, a PE ratio of 32.95, a P/E/G ratio of 2.84 and a beta of 0.93. The stock’s fifty day moving average is $430.64 and its two-hundred day moving average is $414.45.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be given a dividend of $1.21 per share. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Insider Activity at Motorola Solutions
In other news, CEO Gregory Q. Brown sold 28,435 shares of Motorola Solutions stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the sale, the chief executive officer owned 90,721 shares in the company, valued at approximately $43,360,101.95. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.28% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on MSI shares. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Piper Sandler lifted their target price on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Barclays raised their price target on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Truist Financial cut their price target on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $504.67.
Read Our Latest Research Report 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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