Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 50,633 shares of the communications equipment provider’s stock, valued at approximately $21,973,000.
Several other hedge funds have also added to or reduced their stakes in MSI. CYBER HORNET ETFs LLC increased its position in Motorola Solutions by 5.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock worth $185,000 after purchasing an additional 24 shares during the period. Orion Capital Management LLC lifted its position in Motorola Solutions by 46.3% during the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Lord & Richards Wealth Management LLC lifted its position in Motorola Solutions by 2.0% during the 1st quarter. Lord & Richards Wealth Management LLC now owns 1,285 shares of the communications equipment provider’s stock valued at $558,000 after purchasing an additional 25 shares during the period. Mill Capital Management LLC boosted its stake in shares of Motorola Solutions by 0.9% in the 4th quarter. Mill Capital Management LLC now owns 2,935 shares of the communications equipment provider’s stock valued at $1,125,000 after purchasing an additional 25 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in shares of Motorola Solutions by 4.5% in the 4th quarter. Bridges Investment Management Inc. now owns 604 shares of the communications equipment provider’s stock valued at $232,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of NYSE:MSI opened at $413.40 on Friday. The firm’s 50 day simple moving average is $407.39 and its 200 day simple moving average is $423.59. 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 market capitalization of $68.62 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.84 and a beta of 0.88. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Piper Sandler lifted their target price 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. Finally, Barclays upped their target price 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 and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $504.67.
Read Our Latest Stock Analysis 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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