Moran Wealth Management LLC raised its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 12.3% during the 1st quarter, HoldingsChannel reports. The firm owned 46,603 shares of the communications equipment provider’s stock after acquiring an additional 5,106 shares during the quarter. Moran Wealth Management LLC’s holdings in Motorola Solutions were worth $20,224,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MSI. Capital World Investors increased its position in shares of Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the last quarter. Barden Capital Management Inc. bought a new position in shares of Motorola Solutions during the third quarter worth about $1,462,000. Crestmont Private Wealth LLC acquired a new position in Motorola Solutions in the fourth quarter worth about $1,907,000. Nordea Investment Management AB grew its stake in Motorola Solutions by 28.0% in the fourth quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock worth $68,843,000 after purchasing an additional 39,236 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Motorola Solutions by 11.4% in the first quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock valued at $27,744,000 after buying an additional 6,564 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $422.76 on Friday. The company has a market cap of $70.18 billion, a P/E ratio of 34.07, a PEG ratio of 2.94 and a beta of 0.88. The business has a 50 day moving average of $410.64 and a two-hundred day moving average of $420.40. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is 39.00%.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Barclays increased their target price on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Truist Financial dropped their price target on 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 downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Research Report on Motorola Solutions
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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