Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,918 shares of the communications equipment provider’s stock after buying an additional 687 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Motorola Solutions were worth $12,159,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. ORG Wealth Partners LLC boosted its position in Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Signature Resources Capital Management LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth $25,000. Saudi Central Bank purchased a new stake in shares of Motorola Solutions in the 1st quarter worth about $29,000. Community Bank N.A. acquired a new stake in Motorola Solutions in the 1st quarter valued at about $32,000. Finally, Fort Vancouver Investment Management LLC purchased a new position in Motorola Solutions during the 1st quarter valued at about $37,000. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Price Performance
Shares of Motorola Solutions stock opened at $453.47 on Friday. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82. The stock has a market capitalization of $75.55 billion, a P/E ratio of 36.51, a PEG ratio of 3.62 and a beta of 0.97. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The business’s fifty day moving average price is $462.30 and its 200 day moving average price is $434.24.
Motorola Solutions Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.0109 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 35.10%.
Insider Transactions at Motorola Solutions
In related news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 82,765 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $463.05, for a total value of $38,324,333.25. Following the completion of the transaction, the chief executive officer directly owned 57,836 shares in the company, valued at $26,780,959.80. This trade represents a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,493 shares of company stock worth $116,848,278 over the last ninety days. 1.44% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a “peer perform” rating for the company. Piper Sandler started coverage on Motorola Solutions in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research report on Saturday, September 27th. Barclays cut their price target on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, UBS Group boosted their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $513.78.
Get Our Latest Research Report on Motorola Solutions
Motorola Solutions Company Profile
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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