Keebeck Wealth Management acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 5,597 shares of the communications equipment provider’s stock, valued at approximately $2,436,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MSI. Crestmont Private Wealth LLC acquired a new position in Motorola Solutions in the 4th quarter valued at approximately $1,907,000. Janney Montgomery Scott LLC grew its holdings in shares of Motorola Solutions by 11.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock worth $27,744,000 after purchasing an additional 6,564 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Motorola Solutions by 12.9% during the fourth quarter. Hsbc Holdings PLC now owns 591,086 shares of the communications equipment provider’s stock valued at $226,642,000 after purchasing an additional 67,467 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Motorola Solutions by 15.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 706,588 shares of the communications equipment provider’s stock valued at $270,849,000 after purchasing an additional 96,751 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Motorola Solutions in the fourth quarter valued at $943,000. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Up 0.7%
Shares of NYSE:MSI opened at $406.96 on Friday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. 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 company’s fifty day moving average is $408.92 and its 200-day moving average is $424.53. The company has a market capitalization of $67.56 billion, a PE ratio of 32.79, a P/E/G ratio of 2.81 and a beta of 0.88.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were issued a $1.21 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on MSI shares. Barclays lifted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a report on Friday, May 8th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Two analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $504.67.
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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