Eventide Asset Management LLC lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 13.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 74,029 shares of the communications equipment provider’s stock after selling 11,132 shares during the period. Eventide Asset Management LLC’s holdings in Motorola Solutions were worth $28,383,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its position in Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after acquiring an additional 490,354 shares in the last quarter. Barden Capital Management Inc. bought a new position in Motorola Solutions during the third quarter valued at approximately $1,462,000. Nordea Investment Management AB raised its position in shares of Motorola Solutions by 28.0% in the fourth quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock valued at $68,843,000 after purchasing an additional 39,236 shares during the period. Victory Capital Management Inc. raised its position in shares of Motorola Solutions by 56.6% in the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after purchasing an additional 435,178 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Motorola Solutions in the third quarter valued at approximately $1,328,000. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.5%
MSI opened at $412.38 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. 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 firm’s fifty day moving average price is $421.37 and its two-hundred day moving average price is $416.75. The company has a market capitalization of $68.45 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.87 and a beta of 0.89.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s payout ratio is currently 39.00%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on MSI shares. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Piper Sandler lifted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, Barclays lifted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of “Buy” and an average target price of $504.67.
View Our Latest Stock Report on Motorola Solutions
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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