Lido Advisors LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 44.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,548 shares of the communications equipment provider’s stock after selling 9,927 shares during the period. Lido Advisors LLC’s holdings in Motorola Solutions were worth $5,452,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC grew its holdings in Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Motorola Solutions by 540.0% in the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 54 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Motorola Solutions during the 4th quarter worth $27,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of Motorola Solutions by 217.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 50 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Up 2.8%
MSI opened at $418.44 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The firm has a market cap of $69.46 billion, a P/E ratio of 33.72, a PEG ratio of 2.83 and a beta of 0.88. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The business’s fifty day simple moving average is $409.42 and its 200 day simple moving average is $424.49.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were issued a dividend of $1.21 per share. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on MSI. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. Zacks Research upgraded shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Barclays raised their price objective on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $504.67.
Read 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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