Groupama Asset Managment raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,839 shares of the communications equipment provider’s stock after buying an additional 5,107 shares during the quarter. Motorola Solutions comprises about 2.4% of Groupama Asset Managment’s portfolio, making the stock its 10th biggest holding. Groupama Asset Managment’s holdings in Motorola Solutions were worth $166,299,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Strategic Advocates LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter valued at about $28,000. MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions in the fourth quarter valued at approximately $28,000. Orion Capital Management LLC raised its holdings in shares of Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 25 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at $31,000. Finally, Harbor Investment Advisory LLC boosted its holdings in Motorola Solutions by 45.8% during the 4th 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. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $395.88 on Friday. The stock’s 50-day moving average price is $418.42 and its 200 day moving average price is $418.03. 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 stock has a market capitalization of $65.72 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22.
Motorola Solutions Announces Dividend
The business 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 dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analysts Set New Price Targets
MSI has been the subject of several research reports. Barclays lifted their target price on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Piper Sandler raised their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Evercore restated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One equities 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $504.67.
Check Out 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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