Havemeyer Place LP acquired a new position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 4th quarter, Holdings Channel reports. The firm acquired 1,803 shares of the communications equipment provider’s stock, valued at approximately $691,000.
Several other large investors have also bought and sold shares of MSI. CYBER HORNET ETFs LLC raised its position in shares of Motorola Solutions by 5.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 24 shares in the last quarter. Orion Capital Management LLC grew its stake 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 worth $30,000 after purchasing an additional 25 shares during the period. Bridges Investment Management Inc. grew its stake in Motorola Solutions by 4.5% in the fourth quarter. Bridges Investment Management Inc. now owns 604 shares of the communications equipment provider’s stock worth $232,000 after purchasing an additional 26 shares during the period. Harbor Investment Advisory LLC raised 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 worth $33,000 after purchasing an additional 27 shares in the last quarter. Finally, Waterloo Capital L.P. lifted its position in Motorola Solutions by 2.8% during the fourth quarter. Waterloo Capital L.P. now owns 1,063 shares of the communications equipment provider’s stock valued at $407,000 after buying an additional 29 shares during the period. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Trading Down 0.9%
Shares of NYSE MSI opened at $406.53 on Tuesday. The firm’s 50 day moving average price is $423.04 and its 200-day moving average price is $415.86. The company has a market cap of $67.48 billion, a PE ratio of 32.76, a P/E/G ratio of 2.86 and a beta of 0.89. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be paid a $1.21 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is currently 39.00%.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. 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 company presently has an average rating of “Buy” and an average target price of $504.67.
Get Our Latest Research Report on MSI
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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