Man Group plc increased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 900.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 389,373 shares of the communications equipment provider’s stock after acquiring an additional 350,453 shares during the quarter. Man Group plc’s holdings in Motorola Solutions were worth $149,254,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Strategic Advocates LLC purchased a new position in shares of Motorola Solutions in the third quarter valued at about $28,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter valued at about $28,000. Orion Capital Management LLC increased its position in shares of Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 25 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions in the third quarter valued at about $31,000. Finally, Harbor Investment Advisory LLC increased its position in shares of Motorola Solutions by 45.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.1%
NYSE:MSI opened at $400.28 on Thursday. The company’s 50-day simple moving average is $419.35 and its 200 day simple moving average is $417.84. The firm has a market capitalization of $66.45 billion, a P/E ratio of 32.25, a PEG ratio of 2.82 and a beta of 0.89. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86.
Motorola Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Evercore restated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Raymond James Financial restated an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Piper Sandler boosted their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $504.67.
View Our Latest Stock Analysis on Motorola Solutions
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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