Railway Pension Investments Ltd reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,760 shares of the communications equipment provider’s stock after selling 3,640 shares during the period. Railway Pension Investments Ltd owned about 0.06% of Motorola Solutions worth $37,473,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MSI. Norges Bank purchased a new stake in Motorola Solutions in the 4th quarter worth about $942,542,000. Northwestern Mutual Wealth Management Co. lifted its stake in Motorola Solutions by 11,507.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after acquiring an additional 1,181,925 shares in the last quarter. Ninety One UK Ltd lifted its stake in Motorola Solutions by 74.3% in the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after acquiring an additional 570,712 shares in the last quarter. Capital World Investors lifted its stake in Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after acquiring an additional 490,354 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Motorola Solutions by 56.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock worth $550,422,000 after acquiring an additional 435,178 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Stock Down 2.1%
MSI opened at $403.01 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The business has a 50-day moving average of $428.20 and a 200-day moving average of $414.51. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $66.90 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Truist Financial cut their price target 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. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $504.67.
View Our Latest Research Report on MSI
Insider Activity at Motorola Solutions
In other news, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the transaction, the chief executive officer owned 90,721 shares of the company’s stock, valued at approximately $43,360,101.95. This represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.28% of the company’s stock.
Motorola Solutions Company 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.
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