Rakuten Investment Management Inc. increased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 243.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,990 shares of the communications equipment provider’s stock after acquiring an additional 15,593 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Motorola Solutions were worth $8,296,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. L2 Asset Management LLC lifted its stake in Motorola Solutions by 7.1% in the fourth quarter. L2 Asset Management LLC now owns 848 shares of the communications equipment provider’s stock worth $325,000 after acquiring an additional 56 shares during the period. Cynosure Group LLC lifted its stake in Motorola Solutions by 173.4% in the fourth quarter. Cynosure Group LLC now owns 2,201 shares of the communications equipment provider’s stock worth $844,000 after acquiring an additional 1,396 shares during the period. 71 West Capital Partners purchased a new stake in Motorola Solutions in the fourth quarter worth $413,000. Alberta Investment Management Corp lifted its stake in Motorola Solutions by 20.7% in the fourth quarter. Alberta Investment Management Corp now owns 3,500 shares of the communications equipment provider’s stock worth $1,342,000 after acquiring an additional 600 shares during the period. Finally, Faithward Advisors LLC grew its holdings in shares of Motorola Solutions by 18.5% during the 4th quarter. Faithward Advisors LLC now owns 703 shares of the communications equipment provider’s stock worth $269,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.6%
NYSE MSI opened at $405.25 on Wednesday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The stock has a market cap of $67.27 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.87 and a beta of 0.89. The stock’s fifty day moving average price is $420.16 and its 200-day moving average price is $417.63. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s payout ratio is presently 39.00%.
Analysts Set New Price Targets
A number of research analysts have weighed in on MSI shares. Weiss Ratings downgraded Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. 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. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Finally, Truist Financial lowered their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One 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 data from MarketBeat, Motorola Solutions has a consensus rating of “Buy” and an average price target of $504.67.
View Our Latest Stock Report on MSI
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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