Hsbc Holdings PLC boosted its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 27.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 699,717 shares of the communications equipment provider’s stock after buying an additional 151,424 shares during the quarter. Hsbc Holdings PLC’s holdings in Motorola Solutions were worth $290,504,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Evelyn Partners Asset Management Ltd bought a new stake in Motorola Solutions during the 1st quarter valued at approximately $1,052,000. Crestmont Private Wealth LLC acquired a new position in shares of Motorola Solutions during the fourth quarter worth approximately $1,907,000. Janney Montgomery Scott LLC lifted its holdings in shares of Motorola Solutions by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock worth $27,744,000 after buying an additional 6,564 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Motorola Solutions by 15.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 706,588 shares of the communications equipment provider’s stock valued at $270,849,000 after acquiring an additional 96,751 shares during the period. Finally, Mattern Capital Management LLC acquired a new stake in shares of Motorola Solutions in the first quarter worth $10,657,000. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of NYSE MSI opened at $468.28 on Monday. The firm has a market capitalization of $77.50 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 2.80 and a beta of 0.88. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $494.85. The business has a fifty day simple moving average of $445.12 and a 200 day simple moving average of $437.05. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 16th. Motorola Solutions’s payout ratio is 38.11%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on MSI. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group increased their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Bank of America restated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 price objective on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $519.44.
Get Our Latest Analysis on MSI
Insider Activity
In other Motorola Solutions news, CEO Gregory Brown sold 14,220 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at approximately $32,338,942.56. The trade was a 17.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the sale, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. This represents a 43.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is currently owned by insiders.
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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