J.Safra Asset Management Corp boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 117.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,176 shares of the communications equipment provider’s stock after purchasing an additional 1,717 shares during the period. J.Safra Asset Management Corp’s holdings in Motorola Solutions were worth $1,218,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in Motorola Solutions during the third quarter valued at approximately $28,000. MidAtlantic Capital Management Inc. bought a new position in Motorola Solutions during the fourth quarter valued at approximately $28,000. Orion Capital Management LLC raised its position in Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. JPL Wealth Management LLC bought a new position in Motorola Solutions during the third quarter valued at approximately $31,000. Finally, Harbor Investment Advisory LLC raised its position in Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 0.4%
Shares of MSI opened at $412.50 on Thursday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The company has a 50-day simple moving average of $422.27 and a 200-day simple moving average of $416.48. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The firm has a market capitalization of $68.48 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.88 and a beta of 0.89.
Motorola Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on MSI shares. Evercore restated an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Piper Sandler raised their target price 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. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $504.67.
Get Our Latest Analysis 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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