Strengthening Families & Communities LLC trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 42.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 130 shares of the communications equipment provider’s stock after selling 97 shares during the period. Strengthening Families & Communities LLC’s holdings in Motorola Solutions were worth $57,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. ORG Wealth Partners LLC boosted its position in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Signature Resources Capital Management LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth about $25,000. Saudi Central Bank acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $29,000. Community Bank N.A. acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $32,000. Finally, Fort Vancouver Investment Management LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $37,000. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Down 0.4%
MSI opened at $456.01 on Friday. The business has a 50 day moving average price of $464.59 and a two-hundred day moving average price of $435.29. 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 company has a market cap of $75.97 billion, a PE ratio of 36.72, a P/E/G ratio of 3.66 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82.
Motorola Solutions Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0109 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.0%. Motorola Solutions’s dividend payout ratio is currently 35.10%.
Insider Buying and Selling
In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president owned 10,244 shares in the company, valued at approximately $4,860,265.80. The trade was a 43.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John P. Molloy sold 37,514 shares of the business’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 value of $17,345,723.32. Following the transaction, the chief operating officer owned 59,328 shares in the company, valued at $27,432,080.64. The trade was a 38.74% decrease in their position. 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 quarter. 1.44% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Piper Sandler began coverage on Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 price objective for the company. Wolfe Research began coverage on Motorola Solutions in a report on Monday, July 7th. They issued a “peer perform” rating for the company. Barclays reduced their target price on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Evercore ISI boosted their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, UBS Group boosted their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Nine 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $513.78.
Read Our Latest Report on Motorola Solutions
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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