Bessemer Group Inc. raised its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 166.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 166,313 shares of the communications equipment provider’s stock after purchasing an additional 103,906 shares during the period. Bessemer Group Inc.’s holdings in Motorola Solutions were worth $72,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC boosted its position in shares of Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 59 shares during the period. Physician Wealth Advisors Inc. increased its position in Motorola Solutions by 540.0% during the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 54 shares during the period. JPL Wealth Management LLC bought a new position in Motorola Solutions during the third quarter worth about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Motorola Solutions in the 4th quarter worth about $27,000. Finally, HHM Wealth Advisors LLC raised its stake in Motorola Solutions by 217.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of Motorola Solutions stock opened at $413.26 on Friday. The company’s 50 day moving average price is $407.97 and its two-hundred day moving average price is $423.52. The firm has a market capitalization of $68.60 billion, a P/E ratio of 33.30, a P/E/G ratio of 2.88 and a beta of 0.88. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th were issued a dividend of $1.21 per share. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on MSI. Piper Sandler raised their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings downgraded Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Truist Financial lowered their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $504.67.
Read Our Latest Stock Analysis on Motorola Solutions
Motorola Solutions Company 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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