Royal Bank of Canada trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,935 shares of the communications equipment provider’s stock after selling 27,928 shares during the period. Royal Bank of Canada’s holdings in Motorola Solutions were worth $237,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in MSI. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC boosted its stake in shares of Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Motorola Solutions during the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. increased its holdings 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 valued at $28,000 after buying an additional 54 shares during the period. Finally, Orion Capital Management LLC raised its stake in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.4%
NYSE:MSI opened at $434.09 on Thursday. The stock has a market capitalization of $72.06 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.06 and a beta of 0.88. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. 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 50 day moving average of $411.32 and a 200 day moving average of $425.90.
Motorola Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s payout ratio is 39.00%.
Analyst Ratings Changes
A number of analysts have weighed in on MSI shares. Evercore restated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Zacks Research upgraded Motorola Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Weiss Ratings lowered Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Piper Sandler upped their price objective on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Barclays raised their price objective on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $504.67.
View 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.
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