Mediolanum International Funds Ltd reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,925 shares of the communications equipment provider’s stock after selling 7,076 shares during the period. Mediolanum International Funds Ltd’s holdings in Motorola Solutions were worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Motorola Solutions in the 4th quarter valued at $942,542,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Motorola Solutions by 11,507.4% in the fourth 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 acquiring an additional 1,181,925 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of Motorola Solutions by 95.6% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock valued at $491,824,000 after acquiring an additional 627,066 shares during the period. Stifel Financial Corp grew its stake in shares of Motorola Solutions by 576.0% in the fourth quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock valued at $271,429,000 after acquiring an additional 603,330 shares in the last quarter. Finally, Ninety One UK Ltd grew its stake in shares of Motorola Solutions by 74.3% in the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock valued at $513,108,000 after acquiring an additional 570,712 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Trading Down 0.0%
Shares of Motorola Solutions stock opened at $413.26 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.07 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. The company has a market capitalization of $68.60 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.88 and a beta of 0.88. The firm’s 50-day moving average price is $407.97 and its two-hundred day moving average price is $423.85.
Motorola Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th were given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Analyst Ratings Changes
Several analysts have weighed in on MSI shares. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. 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 report on Monday, May 11th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, Piper Sandler boosted their price target on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $504.67.
View Our Latest 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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