Engineers Gate Manager LP increased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 107.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,765 shares of the communications equipment provider’s stock after buying an additional 35,146 shares during the quarter. Engineers Gate Manager LP’s holdings in Motorola Solutions were worth $25,976,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC purchased a new position in shares of Motorola Solutions in the third quarter worth approximately $28,000. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions in the third quarter worth approximately $31,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter worth approximately $28,000. Orion Capital Management LLC boosted its holdings in shares of 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 buying an additional 25 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $400.28 on Thursday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a market capitalization of $66.45 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.82 and a beta of 0.89. The firm’s 50 day simple moving average is $419.35 and its two-hundred day simple moving average is $417.84.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s payout ratio is 39.00%.
Wall Street Analysts Forecast Growth
MSI has been the topic of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. Truist Financial lowered their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. 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 report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $504.67.
Check Out Our Latest Analysis 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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