Natixis Advisors LLC cut its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 70.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,788 shares of the communications equipment provider’s stock after selling 198,046 shares during the period. Natixis Advisors LLC owned about 0.05% of Motorola Solutions worth $32,501,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MSI. Norges Bank purchased a new position in Motorola Solutions in the 4th quarter valued at about $942,542,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Motorola Solutions by 11,507.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after purchasing an additional 1,181,925 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Motorola Solutions by 74.3% in the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock valued at $513,108,000 after purchasing an additional 570,712 shares in the last quarter. Capital World Investors lifted its holdings 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 valued at $4,292,310,000 after purchasing an additional 490,354 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings 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 valued at $550,422,000 after purchasing an additional 435,178 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Trading Up 0.8%
NYSE MSI opened at $411.81 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a 50-day moving average of $424.71 and a 200-day moving average of $415.38. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market cap of $68.36 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.84 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 annualized dividend and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on MSI shares. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Truist Financial reduced their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Evercore restated an “outperform” rating on shares of Motorola Solutions in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $504.67.
About Motorola Solutions
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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