Public Employees Retirement System of Ohio lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,505 shares of the communications equipment provider’s stock after selling 4,386 shares during the period. Public Employees Retirement System of Ohio’s holdings in Motorola Solutions were worth $25,958,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MSI. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $27,000. Whipplewood Advisors LLC increased its holdings in Motorola Solutions by 1,966.7% during the 1st quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 59 shares during the period. Western Wealth Management LLC purchased a new stake in Motorola Solutions in the 1st quarter worth approximately $27,000. MidAtlantic Capital Management Inc. bought a new position in Motorola Solutions in the 4th quarter valued at $28,000. Finally, Physician Wealth Advisors Inc. boosted its stake in Motorola Solutions by 540.0% during 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 during the period. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Trading Down 0.0%
Shares of NYSE:MSI opened at $486.43 on Friday. The stock has a 50 day moving average of $436.90 and a 200 day moving average of $435.71. The company has a market cap of $80.50 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.87. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $493.57. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Insider Activity at Motorola Solutions
In other news, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the transaction, the senior vice president owned 1,282 shares of the company’s stock, valued at $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.28% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a report on Friday, May 8th. Truist Financial raised their price target on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research cut shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. UBS Group increased their target price on Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Bank of America restated a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $519.44.
Get Our Latest Stock 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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