Peterson Wealth Services grew its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.3% in the second quarter, HoldingsChannel reports. The fund owned 8,077 shares of the communications equipment provider’s stock after acquiring an additional 183 shares during the period. Peterson Wealth Services’ holdings in Motorola Solutions were worth $3,396,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of MSI. Aware Super Pty Ltd as trustee of Aware Super boosted its position in shares of Motorola Solutions by 101.5% in the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock worth $29,529,000 after purchasing an additional 35,374 shares during the last quarter. Vest Financial LLC lifted its stake in Motorola Solutions by 26.9% in the second quarter. Vest Financial LLC now owns 4,490 shares of the communications equipment provider’s stock valued at $1,888,000 after buying an additional 952 shares during the period. Ninety One North America Inc. boosted its holdings in Motorola Solutions by 42.9% during the second quarter. Ninety One North America Inc. now owns 44,915 shares of the communications equipment provider’s stock worth $18,885,000 after buying an additional 13,475 shares during the last quarter. Invesco LLC grew its position in shares of Motorola Solutions by 48.8% during the 2nd quarter. Invesco LLC now owns 1,768 shares of the communications equipment provider’s stock worth $743,000 after buying an additional 580 shares during the period. Finally, Tandem Capital Management Corp ADV bought a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $1,193,000. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Price Performance
NYSE:MSI opened at $439.36 on Friday. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The company has a market cap of $73.20 billion, a P/E ratio of 35.38, a P/E/G ratio of 3.56 and a beta of 0.97. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The stock’s 50-day simple moving average is $463.01 and its 200 day simple moving average is $436.81.
Motorola Solutions Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s dividend payout ratio is presently 35.10%.
Insider Buying and Selling
In other Motorola Solutions news, SVP James A. Niewiara sold 1,700 shares of the firm’s 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. This represents a 38.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,493 shares of company stock worth $116,848,278 over the last three months. Company insiders own 1.44% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on MSI. Barclays decreased their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of 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 raised their price objective on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Piper Sandler started coverage on Motorola Solutions in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $513.00.
Read Our Latest Research Report on MSI
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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