ING Groep NV raised its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 72.4% during the fourth quarter, Holdings Channel reports. The firm owned 112,825 shares of the communications equipment provider’s stock after buying an additional 47,387 shares during the quarter. ING Groep NV’s holdings in Motorola Solutions were worth $43,248,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Advocates LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth $28,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Motorola Solutions during the fourth quarter worth $28,000. Orion Capital Management LLC lifted its position in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Motorola Solutions in the third quarter valued at $31,000. Finally, Harbor Investment Advisory LLC lifted its position in Motorola Solutions by 45.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of NYSE:MSI opened at $410.54 on Friday. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The business’s 50-day simple moving average is $423.90 and its 200 day simple moving average is $415.35. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The company has a market cap of $68.15 billion, a P/E ratio of 33.08, a PEG ratio of 2.86 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is 39.00%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on MSI shares. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Piper Sandler boosted their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $504.67.
View Our Latest Stock Analysis on MSI
About Motorola Solutions
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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