Deutsche Bank AG increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 23.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,461,363 shares of the communications equipment provider’s stock after purchasing an additional 281,496 shares during the period. Deutsche Bank AG’s holdings in Motorola Solutions were worth $560,170,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC raised its stake in Motorola Solutions by 2.6% during the 4th quarter. Capital Analysts LLC now owns 39,863 shares of the communications equipment provider’s stock worth $15,280,000 after buying an additional 1,010 shares during the period. Motley Fool Asset Management LLC raised its stake in Motorola Solutions by 27.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 17,303 shares of the communications equipment provider’s stock worth $6,633,000 after buying an additional 3,753 shares during the period. Marks Group Wealth Management Inc raised its stake in Motorola Solutions by 10.0% during the 4th quarter. Marks Group Wealth Management Inc now owns 977 shares of the communications equipment provider’s stock worth $375,000 after buying an additional 89 shares during the period. Westerkirk Capital Inc. raised its stake in Motorola Solutions by 33.5% during the 4th quarter. Westerkirk Capital Inc. now owns 6,425 shares of the communications equipment provider’s stock worth $2,463,000 after buying an additional 1,613 shares during the period. Finally, TIAA Trust National Association raised its stake in Motorola Solutions by 1.6% during the 4th quarter. TIAA Trust National Association now owns 4,601 shares of the communications equipment provider’s stock worth $1,764,000 after buying an additional 71 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of Motorola Solutions stock opened at $414.21 on Wednesday. The company has a market cap of $68.76 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.83 and a beta of 0.89. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The business has a 50 day moving average price of $422.55 and a 200-day moving average price of $416.16. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Piper Sandler upped their price target on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Truist Financial lowered their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Barclays increased their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $504.67.
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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