Martingale Asset Management L P boosted its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,344 shares of the communications equipment provider’s stock after purchasing an additional 1,460 shares during the period. Martingale Asset Management L P’s holdings in Motorola Solutions were worth $19,298,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Korea Investment CORP grew its position in Motorola Solutions by 2.6% in the 4th quarter. Korea Investment CORP now owns 117,478 shares of the communications equipment provider’s stock worth $45,032,000 after purchasing an additional 3,027 shares during the period. Platinum Investment Management Ltd. bought a new stake in Motorola Solutions in the 4th quarter worth approximately $1,639,000. Cohen & Steers Inc. grew its position in Motorola Solutions by 25.0% in the 4th quarter. Cohen & Steers Inc. now owns 500 shares of the communications equipment provider’s stock worth $192,000 after purchasing an additional 100 shares during the period. Lord Abbett & CO. LLC bought a new stake in Motorola Solutions in the 4th quarter worth approximately $16,353,000. Finally, Wealthspire Advisors LLC grew its position in Motorola Solutions by 76.7% in the 4th quarter. Wealthspire Advisors LLC now owns 1,636 shares of the communications equipment provider’s stock worth $627,000 after purchasing an additional 710 shares during the period. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Up 0.5%
Shares of Motorola Solutions stock opened at $412.38 on Friday. The company’s fifty day simple moving average is $421.37 and its 200-day simple moving average is $416.75. The stock has a market capitalization of $68.45 billion, a PE ratio of 33.23, a P/E/G ratio of 2.86 and a beta of 0.89. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Truist Financial cut their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Barclays lifted their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Piper Sandler lifted their target price 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. Finally, Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Motorola Solutions has an average rating of “Buy” and an average price target of $504.67.
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.
Recommended Stories
- Five stocks we like better than Motorola Solutions
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
