SummitTX Capital L.P. trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 14.9% in the first quarter, Holdings Channel.com reports. The firm owned 24,759 shares of the communications equipment provider’s stock after selling 4,327 shares during the period. SummitTX Capital L.P.’s holdings in Motorola Solutions were worth $10,745,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Motorola Solutions during the fourth quarter worth about $208,000. Sivia Capital Partners LLC acquired a new position in shares of Motorola Solutions in the second quarter worth about $210,000. HUB Investment Partners LLC boosted its holdings in Motorola Solutions by 38.7% in the second quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock valued at $1,068,000 after purchasing an additional 709 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in Motorola Solutions by 17.7% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Motorola Solutions during the 2nd quarter valued at approximately $891,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.1%
Shares of Motorola Solutions stock opened at $418.44 on Monday. The business has a 50-day moving average price of $409.42 and a 200 day moving average price of $424.78. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a market cap of $69.46 billion, a P/E ratio of 33.72, a P/E/G ratio of 2.91 and a beta of 0.88. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a dividend of $1.21 per share. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is 39.00%.
Analyst Ratings Changes
A number of brokerages have issued reports on MSI. Weiss Ratings lowered Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Piper Sandler raised their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $504.67.
Read Our Latest Research Report on Motorola Solutions
Motorola Solutions Company 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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