Vista Investment Partners LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,366 shares of the communications equipment provider’s stock, valued at approximately $609,000.
Several other hedge funds have also recently added to or reduced their stakes in MSI. State Street Corp grew its stake in shares of Motorola Solutions by 4.3% in the second quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock worth $3,269,332,000 after purchasing an additional 323,725 shares in the last quarter. Aristotle Capital Management LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at about $983,432,000. Amundi lifted its holdings in Motorola Solutions by 1.9% in the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after purchasing an additional 30,264 shares during the period. Deutsche Bank AG grew its position in Motorola Solutions by 23.9% in the 4th quarter. Deutsche Bank AG now owns 1,461,363 shares of the communications equipment provider’s stock valued at $560,170,000 after buying an additional 281,496 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after buying an additional 352,679 shares during the period. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of MSI traded down $0.97 during mid-day trading on Thursday, hitting $447.36. The company’s stock had a trading volume of 314,814 shares, compared to its average volume of 1,056,034. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The firm has a 50-day moving average price of $463.55 and a 200 day moving average price of $435.57. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $494.85. The stock has a market capitalization of $74.03 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.73 and a beta of 0.88.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on MSI shares. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Morgan Stanley reissued an “overweight” rating and set a $476.00 target price on shares of Motorola Solutions in a report on Thursday, August 6th. Truist Financial upped their target price on Motorola Solutions from $525.00 to $545.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. UBS Group increased their price target on Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $519.56.
Check Out Our Latest Stock Analysis on MSI
Insiders Place Their Bets
In related news, SVP Kathryn Moore sold 1,004 shares of Motorola Solutions stock in a transaction on Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the transaction, the senior vice president directly owned 1,282 shares in the company, valued at $611,462.72. The trade was a 43.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Q. Brown sold 14,220 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the sale, the chief executive officer directly owned 66,648 shares in the company, valued at $32,338,942.56. This trade represents a 17.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.28% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc is a technology company that provides communications, command center, video security and analytical solutions for public safety and commercial organizations. Its offerings are designed to help government agencies, first responders, enterprises and other organizations coordinate operations, manage incidents and improve security.
The company’s products and services include land mobile radio communications, broadband and software-based communications, computer-aided dispatch and records-management systems, video security and access-control technologies, and command center software.
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