Empowered Funds LLC raised its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 20.8% during the first quarter, Holdings Channel reports. The institutional investor owned 18,136 shares of the communications equipment provider’s stock after buying an additional 3,125 shares during the quarter. Empowered Funds LLC’s holdings in Motorola Solutions were worth $7,870,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its holdings in 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 last quarter. Physician Wealth Advisors Inc. increased its position in Motorola Solutions by 540.0% in the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 54 shares during the period. JPL Wealth Management LLC bought a new stake in Motorola Solutions during the 3rd quarter worth about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Motorola Solutions during the 4th quarter worth about $27,000. Finally, HHM Wealth Advisors LLC lifted its position in Motorola Solutions by 217.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 50 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
Shares of MSI opened at $436.49 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The stock has a market cap of $72.46 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. The stock’s 50-day moving average price is $412.58 and its two-hundred day moving average price is $426.31.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on MSI shares. Piper Sandler raised their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Zacks Research raised shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Evercore restated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Truist Financial reduced their price objective on shares of 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 set a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Research Report 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.
Read More
- Five stocks we like better than Motorola Solutions
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
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.
