TMB Capital Partners LLC acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 9,683 shares of the communications equipment provider’s stock, valued at approximately $3,712,000. Motorola Solutions makes up approximately 1.3% of TMB Capital Partners LLC’s holdings, making the stock its 16th largest position.
A number of other hedge funds also recently made changes to their positions in MSI. Strategic Advocates LLC bought a new position in Motorola Solutions in the third quarter valued at $28,000. MidAtlantic Capital Management Inc. bought a new stake in Motorola Solutions during the fourth quarter worth about $28,000. Orion Capital Management LLC lifted its stake in Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter worth about $31,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Motorola Solutions by 45.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Down 1.2%
MSI opened at $395.88 on Friday. The company has a market cap of $65.72 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.79 and a beta of 0.89. The business’s 50-day moving average price is $418.42 and its 200-day moving average price is $418.03. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be given 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 payout ratio is presently 39.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on MSI shares. Barclays raised their price objective on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Truist Financial reduced their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Piper Sandler boosted their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $504.67.
Get Our Latest Analysis on MSI
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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