AustralianSuper Pty Ltd lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,997 shares of the communications equipment provider’s stock after selling 2,411 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Motorola Solutions were worth $3,449,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC increased its holdings in Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 25 shares during the period. United Community Bank grew its holdings in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 26 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Motorola Solutions by 45.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 27 shares during the last quarter. Parthenon LLC grew its holdings in shares of Motorola Solutions by 1.7% in the 3rd quarter. Parthenon LLC now owns 1,707 shares of the communications equipment provider’s stock worth $781,000 after purchasing an additional 29 shares during the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC grew its holdings in shares of Motorola Solutions by 5.5% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 577 shares of the communications equipment provider’s stock worth $221,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 1.4%
Shares of NYSE:MSI opened at $393.73 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company’s 50-day moving average price is $440.39 and its two-hundred day moving average price is $414.98. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The firm has a market cap of $65.36 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.77 and a beta of 0.93.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th were issued a dividend of $1.21 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Insiders Place Their Bets
In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the sale, the director owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Q. Brown sold 28,435 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the transaction, the chief executive officer owned 90,721 shares in the company, valued at approximately $43,360,101.95. The trade was a 23.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,069 shares of company stock valued at $60,779,964 in the last 90 days. 1.28% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Truist Financial lowered their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $504.67.
View 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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