Great Lakes Retirement Inc. purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,700 shares of the communications equipment provider’s stock, valued at approximately $3,443,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in shares of Motorola Solutions by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 101,318 shares of the communications equipment provider’s stock valued at $45,185,000 after acquiring an additional 2,554 shares in the last quarter. Gratus Wealth Advisors LLC increased its position in shares of Motorola Solutions by 142.8% during the third quarter. Gratus Wealth Advisors LLC now owns 2,880 shares of the communications equipment provider’s stock worth $1,284,000 after acquiring an additional 1,694 shares during the last quarter. AGH Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth about $208,000. Peterson Wealth Services increased its position in shares of Motorola Solutions by 5.0% during the third quarter. Peterson Wealth Services now owns 9,495 shares of the communications equipment provider’s stock worth $4,234,000 after acquiring an additional 449 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Motorola Solutions by 1.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 7,679 shares of the communications equipment provider’s stock worth $3,425,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Down 0.3%
NYSE MSI opened at $484.33 on Wednesday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $494.85. The company’s fifty day moving average price is $465.43 and its two-hundred day moving average price is $437.60.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%.
Insider Activity
In related news, CEO Gregory Brown sold 14,220 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. The trade was a 17.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the sale, the senior vice president directly owned 1,282 shares of the company’s stock, valued at approximately $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.28% of the company’s stock.
Analyst Upgrades and Downgrades
MSI has been the subject of a number of analyst reports. Northcoast Research increased their price target on Motorola Solutions from $510.00 to $525.00 in a report on Thursday, August 27th. UBS Group raised their price objective on Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Raymond James Financial lifted their price objective on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Barclays lifted their price objective on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Piper Sandler upped their target price on Motorola Solutions from $530.00 to $531.00 and gave the company an “overweight” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $530.10.
Get Our Latest Analysis on Motorola Solutions
Motorola Solutions Company Profile
Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.
Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.
Further Reading
- Five stocks we like better than Motorola Solutions
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
