Groupe la Francaise trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.9% during the first quarter, HoldingsChannel reports. The firm owned 38,014 shares of the communications equipment provider’s stock after selling 1,965 shares during the period. Groupe la Francaise’s holdings in Motorola Solutions were worth $16,446,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC grew its holdings in Motorola Solutions by 1,966.7% in the 1st quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Motorola Solutions in the 1st quarter valued at $27,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Motorola Solutions in the 4th quarter worth $28,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Trading Down 0.8%
Shares of MSI stock opened at $430.82 on Friday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The firm has a market cap of $71.52 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.88. The company has a 50-day moving average of $411.94 and a two-hundred day moving average of $426.24. 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 Dividend Announcement
The company also recently disclosed 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 of this dividend was Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s payout ratio is presently 39.00%.
Wall Street Analysts Forecast Growth
MSI has been the topic of several recent research reports. Zacks Research raised shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Barclays raised their price objective on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Truist Financial decreased 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. Finally, Piper Sandler increased their price target 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. Two equities research 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. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $504.67.
Get Our Latest Stock Analysis on Motorola Solutions
About Motorola Solutions
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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