Engineers Gate Manager LP lifted its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 107.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,765 shares of the communications equipment provider’s stock after buying an additional 35,146 shares during the quarter. Engineers Gate Manager LP’s holdings in Motorola Solutions were worth $25,976,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Strategic Advocates LLC bought a new stake in Motorola Solutions in the third quarter worth $28,000. JPL Wealth Management LLC bought a new stake in Motorola Solutions in the third quarter worth $31,000. MidAtlantic Capital Management Inc. bought a new stake in Motorola Solutions in the fourth quarter worth $28,000. Orion Capital Management LLC increased its position 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 last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Motorola Solutions in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.1%
MSI stock opened at $400.28 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The stock has a market capitalization of $66.45 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89. The firm’s fifty day simple moving average is $419.35 and its two-hundred day simple moving average is $417.84.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Evercore restated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Piper Sandler boosted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Truist Financial reduced their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Barclays boosted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $504.67.
Get Our Latest Stock Analysis 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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