Motorola Solutions, Inc. $MSI Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 81.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,339 shares of the communications equipment provider’s stock after acquiring an additional 5,536 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Motorola Solutions were worth $5,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MSI. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions during the third quarter valued at $25,000. United Community Bank lifted its position in Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 26 shares during the last quarter. Whipplewood Advisors LLC boosted its stake 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. Halbert Hargrove Global Advisors LLC bought a new position in Motorola Solutions in the 3rd quarter worth about $33,000. Finally, Field & Main Bank acquired a new stake in shares of Motorola Solutions in the third quarter valued at approximately $35,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSI has been the subject of several analyst reports. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Monday, December 1st. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $465.00 to $443.00 in a report on Monday, January 5th. Finally, Barclays cut their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $491.86.

Motorola Solutions Stock Up 1.2%

MSI opened at $421.98 on Friday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The company has a market capitalization of $70.28 billion, a PE ratio of 33.87, a P/E/G ratio of 3.12 and a beta of 1.00. The stock’s fifty day moving average is $385.88 and its 200-day moving average is $420.96. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is currently 38.84%.

About Motorola Solutions

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.