Peterson Wealth Services increased its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 270,200.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,109 shares of the communications equipment provider’s stock after purchasing an additional 8,106 shares during the quarter. Peterson Wealth Services’ holdings in Motorola Solutions were worth $3,109,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Strategic Advocates LLC acquired a new stake in Motorola Solutions in the third quarter worth about $28,000. MidAtlantic Capital Management Inc. acquired a new stake in Motorola Solutions in the fourth quarter worth about $28,000. Orion Capital Management LLC lifted its holdings in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares during the period. JPL Wealth Management LLC acquired a new stake in Motorola Solutions in the third quarter worth about $31,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Motorola Solutions by 45.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of Motorola Solutions stock opened at $410.80 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The company’s 50-day moving average price is $421.81 and its two-hundred day moving average price is $416.78. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The stock has a market cap of $68.19 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s payout ratio is presently 39.00%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on MSI shares. Piper Sandler upped their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Finally, Truist Financial dropped their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average price target of $504.67.
View Our Latest Research Report on Motorola Solutions
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.
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