Cidel Asset Management Inc. lifted its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,865 shares of the communications equipment provider’s stock after purchasing an additional 7,644 shares during the quarter. Motorola Solutions makes up 1.0% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Cidel Asset Management Inc.’s holdings in Motorola Solutions were worth $21,124,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Motorola Solutions during the fourth quarter worth approximately $208,000. Sivia Capital Partners LLC purchased a new stake in Motorola Solutions in the 2nd quarter valued at $210,000. HUB Investment Partners LLC boosted its stake in Motorola Solutions by 38.7% during the 2nd quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after purchasing an additional 709 shares during the period. Peapack Gladstone Financial Corp grew its position in Motorola Solutions by 17.7% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock worth $6,845,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Motorola Solutions during the 2nd quarter worth $891,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $463.38 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The stock has a 50 day simple moving average of $447.17 and a 200-day simple moving average of $437.21. The company has a market cap of $76.68 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 2.80 and a beta of 0.88. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $494.85.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Insider Transactions at Motorola Solutions
In related news, CEO Gregory Brown sold 14,220 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the sale, the chief executive officer owned 66,648 shares in the company, valued at $32,338,942.56. This represents a 17.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kathryn A. Moore sold 1,004 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the transaction, the senior vice president directly owned 1,282 shares of the company’s stock, valued at $611,462.72. The trade was a 43.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.28% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MSI. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Evercore restated an “outperform” rating and issued a $550.00 price target on shares of Motorola Solutions in a research report on Wednesday, August 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 price objective on shares of Motorola Solutions in a research note on Thursday, August 6th. Truist Financial lifted their target price on Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Piper Sandler boosted their target price on Motorola Solutions from $503.00 to $530.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $519.44.
Check Out Our Latest Analysis on MSI
Motorola Solutions Profile
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
Featured Stories
- Five stocks we like better than Motorola Solutions
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
