Victory Capital Management Inc. lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 9.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,092,018 shares of the communications equipment provider’s stock after selling 111,643 shares during the quarter. Victory Capital Management Inc.’s holdings in Motorola Solutions were worth $418,613,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of MSI. Norges Bank purchased a new position in Motorola Solutions during the fourth quarter worth about $942,542,000. Northwestern Mutual Wealth Management Co. boosted its stake in Motorola Solutions by 11,507.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after buying an additional 1,181,925 shares during the period. Ninety One UK Ltd boosted its stake in Motorola Solutions by 74.3% during the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after buying an additional 570,712 shares during the period. Franklin Resources Inc. boosted its stake in Motorola Solutions by 150.3% during the fourth quarter. Franklin Resources Inc. now owns 933,462 shares of the communications equipment provider’s stock worth $357,815,000 after buying an additional 560,510 shares during the period. Finally, Capital World Investors boosted its stake in Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after buying an additional 490,354 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.5%
Shares of Motorola Solutions stock opened at $412.38 on Friday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a 50 day moving average of $421.37 and a 200 day moving average of $416.75. 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 capitalization of $68.45 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.86 and a beta of 0.89.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a $1.21 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Barclays increased their target price 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. Truist Financial lowered their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Finally, Piper Sandler increased their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions has a consensus rating of “Buy” and an average price target of $504.67.
Get Our Latest Stock Report on Motorola Solutions
Motorola Solutions Company 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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