AlphaCore Capital LLC acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,198 shares of the communications equipment provider’s stock, valued at approximately $6,209,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Motorola Solutions by 23.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,250 shares of the communications equipment provider’s stock valued at $479,000 after purchasing an additional 241 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Motorola Solutions by 11,507.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after purchasing an additional 1,181,925 shares during the period. Conning Inc. boosted its stake in shares of Motorola Solutions by 7.9% during the fourth quarter. Conning Inc. now owns 884 shares of the communications equipment provider’s stock valued at $339,000 after purchasing an additional 65 shares during the period. New York Life Investment Management LLC boosted its stake in shares of Motorola Solutions by 8.7% during the fourth quarter. New York Life Investment Management LLC now owns 24,680 shares of the communications equipment provider’s stock valued at $9,460,000 after purchasing an additional 1,984 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Motorola Solutions by 7.1% during the fourth quarter. Allworth Financial LP now owns 4,205 shares of the communications equipment provider’s stock valued at $1,612,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $393.73 on Friday. The stock has a fifty day moving average of $440.39 and a 200 day moving average of $414.98. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The firm has a market capitalization of $65.36 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.72 and a beta of 0.93. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were paid a $1.21 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Weiss Ratings lowered Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial dropped their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $504.67.
Read Our Latest Report on Motorola Solutions
Insider Activity at Motorola Solutions
In related news, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Q. Brown sold 28,435 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the sale, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This represents a 23.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 129,069 shares of company stock worth $60,779,964 over the last ninety days. 1.28% of the stock is owned by corporate insiders.
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.
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