Asset Management One Co. Ltd. trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 14.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,284 shares of the communications equipment provider’s stock after selling 17,559 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Motorola Solutions worth $44,688,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. Signature Resources Capital Management LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Motorola Solutions during the 1st quarter worth approximately $29,000. Fort Vancouver Investment Management LLC bought a new position in shares of Motorola Solutions during the 1st quarter worth approximately $37,000. Alpine Bank Wealth Management bought a new position in shares of Motorola Solutions during the 1st quarter worth approximately $40,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Motorola Solutions by 47.1% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.2%
MSI stock opened at $439.36 on Friday. The company has a market cap of $73.20 billion, a P/E ratio of 35.38, a PEG ratio of 3.56 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The business has a fifty day moving average of $463.01 and a 200-day moving average of $436.81.
Motorola Solutions Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a dividend of $0.0109 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Motorola Solutions’s payout ratio is 35.10%.
Insider Buying and Selling
In related news, COO John P. Molloy sold 37,514 shares of Motorola Solutions stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the sale, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 248,493 shares of company stock valued at $116,848,278 in the last three months. 1.44% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several brokerages have issued reports on MSI. Evercore ISI lifted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. UBS Group lifted their price objective on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wolfe Research began coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a “peer perform” rating for the company. Barclays cut their price objective on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, Piper Sandler began coverage on Motorola Solutions in a research report on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $513.00.
Motorola Solutions Profile
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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