Martingale Asset Management L P lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,344 shares of the communications equipment provider’s stock after buying an additional 1,460 shares during the quarter. Martingale Asset Management L P’s holdings in Motorola Solutions were worth $19,298,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Capital World Investors lifted its stake in Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its stake in Motorola Solutions by 8.4% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after purchasing an additional 2,300 shares in the last quarter. Barden Capital Management Inc. purchased a new stake in Motorola Solutions in the 3rd quarter worth $1,462,000. Nordea Investment Management AB lifted its stake in Motorola Solutions by 28.0% in the 4th quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock worth $68,843,000 after purchasing an additional 39,236 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Motorola Solutions by 56.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock worth $550,422,000 after purchasing an additional 435,178 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Motorola Solutions stock opened at $412.38 on Friday. The company’s 50-day moving average price is $421.37 and its 200-day moving average price is $416.75. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The company has a market cap of $68.45 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a $1.21 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Analyst Upgrades and Downgrades
MSI has been the topic of several research analyst reports. Barclays boosted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Piper Sandler boosted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research note on Friday, May 8th. Finally, Truist Financial decreased their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $504.67.
Read Our Latest Analysis on MSI
Motorola Solutions 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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