NEOS Investment Management LLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 13.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,721 shares of the communications equipment provider’s stock after purchasing an additional 3,195 shares during the period. NEOS Investment Management LLC’s holdings in Motorola Solutions were worth $11,097,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of MSI. Whipplewood Advisors LLC raised its position 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 worth $27,000 after acquiring an additional 59 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the 1st quarter worth $27,000. Physician Wealth Advisors Inc. boosted its position in shares of Motorola Solutions by 540.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after purchasing 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. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $27,000. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Down 0.8%
MSI stock opened at $468.28 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The company’s 50 day simple moving average is $445.12 and its 200-day simple moving average is $437.23. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $494.85. The firm has a market capitalization of $77.50 billion, a PE ratio of 36.87, a P/E/G ratio of 2.80 and a beta of 0.88.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Motorola Solutions’s payout ratio is 38.11%.
Analysts Set New Price Targets
Several analysts recently commented on the stock. UBS Group raised their price objective on shares of Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Evercore reissued an “outperform” rating and set a $550.00 price target on shares of Motorola Solutions in a research note on Wednesday, August 26th. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Piper Sandler raised their price objective on Motorola Solutions from $503.00 to $530.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $519.44.
Read Our Latest Analysis on MSI
Insiders Place Their Bets
In related news, SVP Kathryn A. Moore sold 1,004 shares of Motorola Solutions stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the completion of the sale, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. This trade represents a 43.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Brown sold 14,220 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the completion of the transaction, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. The trade was a 17.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.28% of the company’s stock.
Motorola Solutions 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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