Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,959 shares of the communications equipment provider’s stock, valued at approximately $11,265,000.
A number of other hedge funds have also modified their holdings of MSI. CYBER HORNET ETFs LLC boosted its position in Motorola Solutions by 5.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 24 shares during the last quarter. Orion Capital Management LLC raised its holdings 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 purchasing an additional 25 shares during the last quarter. Lord & Richards Wealth Management LLC raised its holdings in shares of Motorola Solutions by 2.0% in the first quarter. Lord & Richards Wealth Management LLC now owns 1,285 shares of the communications equipment provider’s stock valued at $558,000 after purchasing an additional 25 shares during the last quarter. Mill Capital Management LLC lifted its position in shares of Motorola Solutions by 0.9% in the fourth quarter. Mill Capital Management LLC now owns 2,935 shares of the communications equipment provider’s stock worth $1,125,000 after purchasing an additional 25 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in Motorola Solutions by 4.5% during the fourth quarter. Bridges Investment Management Inc. now owns 604 shares of the communications equipment provider’s stock worth $232,000 after purchasing an additional 26 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Down 0.0%
Shares of MSI stock opened at $413.26 on Monday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The firm’s 50-day moving average is $407.97 and its 200-day moving average is $423.85. The stock has a market cap of $68.60 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.88 and a beta of 0.88. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22.
Motorola Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on MSI shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a research report on Friday, May 8th. Piper Sandler increased their price objective 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. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Barclays increased 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. Finally, Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $504.67.
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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