Rice Partnership LLC reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 51.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,859 shares of the communications equipment provider’s stock after selling 1,950 shares during the period. Rice Partnership LLC’s holdings in Motorola Solutions were worth $807,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MSI. Crestmont Private Wealth LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $1,907,000. Janney Montgomery Scott LLC boosted its stake in Motorola Solutions by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock valued at $27,744,000 after buying an additional 6,564 shares during the last quarter. Nordea Investment Management AB grew its holdings in Motorola Solutions by 28.0% during the 4th quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock valued at $68,843,000 after buying an additional 39,236 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Motorola Solutions by 12.9% during the 4th quarter. Hsbc Holdings PLC now owns 591,086 shares of the communications equipment provider’s stock valued at $226,642,000 after buying an additional 67,467 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Motorola Solutions by 15.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 706,588 shares of the communications equipment provider’s stock worth $270,849,000 after acquiring an additional 96,751 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of Motorola Solutions stock opened at $410.87 on Tuesday. The stock has a market cap of $68.21 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a 50 day moving average price of $408.34 and a 200-day moving average price of $424.04. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.
Motorola Solutions Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were paid a $1.21 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on MSI shares. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Barclays boosted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research note on Friday, May 8th. Finally, Piper Sandler increased their price objective 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. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus price target of $504.67.
Check Out Our Latest 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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