Allspring Global Investments Holdings LLC trimmed its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 23.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 318,829 shares of the communications equipment provider’s stock after selling 98,787 shares during the period. Allspring Global Investments Holdings LLC owned 0.19% of Motorola Solutions worth $135,710,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC raised its position in Motorola Solutions by 346.2% during the 1st 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 during the last quarter. Signature Resources Capital Management LLC bought a new position in Motorola Solutions during the 2nd quarter worth $25,000. Saudi Central Bank bought a new position in Motorola Solutions during the 1st quarter worth $29,000. Community Bank N.A. bought a new position in Motorola Solutions during the 1st quarter worth $32,000. Finally, Fort Vancouver Investment Management LLC bought a new position in Motorola Solutions during the 1st quarter worth $37,000. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Performance
MSI stock opened at $456.01 on Monday. The stock has a 50-day moving average price of $464.59 and a 200-day moving average price of $435.33. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. 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 firm has a market cap of $75.97 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 3.65 and a beta of 0.97.
Motorola Solutions Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.0109 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is currently 35.10%.
Analyst Upgrades and Downgrades
MSI has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. UBS Group raised their target price on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Piper Sandler initiated coverage on Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 target price for the company. Evercore ISI raised their target price on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Barclays lowered their target price on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $513.78.
Get Our Latest Stock Analysis on MSI
Insider Transactions at Motorola Solutions
In other news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Rajan Naik sold 8,014 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the sale, the senior vice president owned 10,244 shares of the company’s stock, valued at approximately $4,860,265.80. This represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by corporate insiders.
Motorola Solutions 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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