Los Angeles Capital Management LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 52.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 293,706 shares of the communications equipment provider’s stock after selling 321,501 shares during the period. Los Angeles Capital Management LLC’s holdings in Motorola Solutions were worth $123,492,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in MSI. Signature Resources Capital Management LLC purchased a new position in shares of Motorola Solutions in the second quarter worth $25,000. Saudi Central Bank bought a new stake in Motorola Solutions in the first quarter valued at $29,000. Whipplewood Advisors LLC increased its position in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Rossby Financial LCC increased its position in Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares during the period. Finally, Cape Investment Advisory Inc. raised its holdings in Motorola Solutions by 3,300.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 99 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Trading Up 0.6%
Shares of NYSE MSI opened at $391.44 on Friday. The firm’s 50 day moving average price is $452.66 and its 200-day moving average price is $436.49. Motorola Solutions, Inc. has a 52-week low of $387.77 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The company has a market cap of $65.20 billion, a PE ratio of 31.52, a P/E/G ratio of 3.46 and a beta of 0.96.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio is presently 34.99%.
Insiders Place Their Bets
In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the transaction, the chief operating officer owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on MSI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Evercore ISI raised their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays reduced their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Piper Sandler reissued a “neutral” rating and issued a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, UBS Group lifted their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $506.43.
Get Our Latest Research Report on MSI
Motorola Solutions Profile
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
Recommended Stories
- Five stocks we like better than Motorola Solutions
- Market Cap Calculator: How to Calculate Market Cap
- MarketBeat Week in Review – 11/03 – 11/07
- 3 Healthcare Dividend Stocks to Buy
- OpenAI’s Restructuring Sets up What Could Be the Biggest IPO Ever
- Profitably Trade Stocks at 52-Week Highs
- 2 Rare Earth Stocks the U.S. Government Doesn’t Want to Fail
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.
