OP Asset Management Ltd purchased a new position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,736 shares of the communications equipment provider’s stock, valued at approximately $7,263,000.
Other institutional investors have also bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in Motorola Solutions in the third quarter worth $28,000. JPL Wealth Management LLC bought a new stake in shares of Motorola Solutions in the third quarter valued at $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Motorola Solutions during the 4th quarter valued at $27,000. HHM Wealth Advisors LLC lifted its position in shares of Motorola Solutions by 217.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Motorola Solutions during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Motorola Solutions stock opened at $397.53 on Friday. The firm has a market capitalization of $65.99 billion, a P/E ratio of 32.03, a PEG ratio of 2.79 and a beta of 0.89. Motorola Solutions, Inc. has a one year low of $359.36 and a one 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 business has a fifty day moving average price of $413.92 and a 200-day moving average price of $418.78.
Motorola Solutions Dividend Announcement
The business also recently declared 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 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Barclays lifted their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. 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. Truist Financial cut their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Piper Sandler upped 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. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $504.67.
Check Out Our Latest Analysis on MSI
Motorola Solutions Company 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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