National Pension Service lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 464,753 shares of the communications equipment provider’s stock after purchasing an additional 8,389 shares during the period. National Pension Service owned about 0.28% of Motorola Solutions worth $193,007,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of MSI. Whipplewood Advisors LLC raised its stake in Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Motorola Solutions in the 1st quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its holdings in shares of Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at approximately $31,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at approximately $27,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
Shares of NYSE MSI opened at $463.28 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $494.85. The firm’s 50-day simple moving average is $448.80 and its 200 day simple moving average is $437.26. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. The stock has a market cap of $76.67 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.75 and a beta of 0.88.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th will be issued a $1.21 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is 38.11%.
Analysts Set New Price Targets
A number of equities analysts have commented on MSI shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $476.00 price objective on shares of Motorola Solutions in a report on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $550.00 target price on shares of Motorola Solutions in a report on Wednesday, August 26th. 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. UBS Group lifted their price objective on shares of Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $519.44.
View Our Latest Research Report on MSI
Insider Buying and Selling
In related news, CEO Gregory Q. Brown sold 14,220 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the transaction, the chief executive officer owned 66,648 shares in the company, valued at $32,338,942.56. This trade represents a 17.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kathryn Moore sold 1,004 shares of the business’s 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 directly owned 1,282 shares in the company, valued at approximately $611,462.72. The trade was a 43.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is owned by company insiders.
Motorola Solutions Profile
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
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