Van ECK Associates Corp decreased its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,943 shares of the communications equipment provider’s stock after selling 76,769 shares during the quarter. Van ECK Associates Corp owned 0.23% of Motorola Solutions worth $158,617,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Ausdal Financial Partners Inc. increased its stake in shares of Motorola Solutions by 3.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider’s stock valued at $324,000 after acquiring an additional 23 shares during the last quarter. CYBER HORNET ETFs LLC grew its holdings in Motorola Solutions by 5.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock valued at $185,000 after purchasing an additional 24 shares during the period. Orion Capital Management LLC increased 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 valued at $30,000 after purchasing an additional 25 shares in the last quarter. Lord & Richards Wealth Management LLC increased its stake in Motorola Solutions by 2.0% in the first quarter. Lord & Richards Wealth Management LLC now owns 1,285 shares of the communications equipment provider’s stock valued at $558,000 after purchasing an additional 25 shares in the last quarter. Finally, Mill Capital Management LLC raised its holdings in Motorola Solutions by 0.9% in the fourth quarter. Mill Capital Management LLC now owns 2,935 shares of the communications equipment provider’s stock worth $1,125,000 after purchasing an additional 25 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Trading Down 0.0%
MSI opened at $486.43 on Friday. The stock has a market capitalization of $80.50 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.91 and a beta of 0.87. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $493.57. The firm’s fifty day simple moving average is $436.90 and its 200 day simple moving average is $435.71. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be issued a dividend of $1.21 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.11%.
Insider Transactions at Motorola Solutions
In related news, SVP Kathryn A. Moore sold 1,004 shares of Motorola Solutions stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the sale, the senior vice president owned 1,282 shares of the company’s stock, valued at approximately $611,462.72. This trade represents a 43.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.28% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. Piper Sandler raised their price target on Motorola Solutions from $503.00 to $530.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and an average target price of $519.44.
View Our Latest Research Report on MSI
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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