Havemeyer Place LP acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,803 shares of the communications equipment provider’s stock, valued at approximately $691,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. CYBER HORNET ETFs LLC increased its stake in Motorola Solutions by 5.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock valued at $185,000 after acquiring an additional 24 shares during the last quarter. Orion Capital Management LLC lifted its stake in Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares during the last quarter. Bridges Investment Management Inc. boosted its holdings in shares of Motorola Solutions by 4.5% in the 4th quarter. Bridges Investment Management Inc. now owns 604 shares of the communications equipment provider’s stock worth $232,000 after purchasing an additional 26 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Motorola Solutions by 45.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. Finally, Waterloo Capital L.P. increased its position in shares of Motorola Solutions by 2.8% during the 4th quarter. Waterloo Capital L.P. now owns 1,063 shares of the communications equipment provider’s stock valued at $407,000 after purchasing an additional 29 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Stock Performance
Motorola Solutions stock opened at $406.53 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The firm has a market cap of $67.48 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.86 and a beta of 0.89. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The firm has a 50-day moving average of $423.04 and a 200-day moving average of $415.86.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MSI. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Truist Financial reduced their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $504.67.
Read Our Latest Stock Report on MSI
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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