Dai ichi Life Insurance Company Ltd lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 11.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,953 shares of the communications equipment provider’s stock after selling 4,993 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Motorola Solutions were worth $17,338,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of MSI. Raymond James Financial Inc. increased its stake in shares of Motorola Solutions by 0.9% in the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after acquiring an additional 31,744 shares in the last quarter. Norges Bank bought a new stake in Motorola Solutions during the fourth quarter worth about $942,542,000. Morgan Stanley grew its holdings in Motorola Solutions by 2.0% in the fourth quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock worth $672,364,000 after purchasing an additional 34,715 shares during the period. Amundi grew its holdings in Motorola Solutions by 19.6% in the fourth quarter. Amundi now owns 1,570,227 shares of the communications equipment provider’s stock worth $601,899,000 after purchasing an additional 257,483 shares during the period. Finally, Swedbank AB increased its stake in shares of Motorola Solutions by 10.7% during the fourth quarter. Swedbank AB now owns 1,490,010 shares of the communications equipment provider’s stock valued at $571,151,000 after purchasing an additional 144,518 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Up 2.8%
Shares of NYSE:MSI opened at $418.44 on Friday. 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, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a market cap of $69.46 billion, a P/E ratio of 33.72, a PEG ratio of 2.83 and a beta of 0.88. The stock’s fifty day moving average price is $409.42 and its 200-day moving average price is $424.49.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were paid a $1.21 dividend. The ex-dividend date was 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 currently 39.00%.
Analyst Ratings Changes
A number of brokerages have recently commented on MSI. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Piper Sandler raised their price objective on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Barclays lifted their price objective on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $504.67.
Get Our Latest Research Report on MSI
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.
See Also
- Five stocks we like better than Motorola Solutions
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
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.
