Motorola Solutions, Inc. $MSI Stake Boosted by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,667 shares of the communications equipment provider’s stock after buying an additional 1,846 shares during the period. ProShare Advisors LLC’s holdings in Motorola Solutions were worth $24,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSI. Orion Capital Management LLC acquired a new stake in shares of Motorola Solutions during the third quarter valued at approximately $25,000. United Community Bank grew its position in Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC raised 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 purchased a new stake in shares of Motorola Solutions in the third quarter valued at $33,000. Finally, Field & Main Bank acquired a new stake in shares of Motorola Solutions in the third quarter worth $35,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSI has been the subject of several research analyst reports. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Northcoast Research raised shares of 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 shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Finally, Barclays dropped 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Stock Performance

Shares of MSI opened at $419.58 on Wednesday. The company has a market capitalization of $69.88 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company’s fifty day moving average price is $387.70 and its 200 day moving average price is $420.87.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given a $1.21 dividend. The ex-dividend date was Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.2%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

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.