JPMorgan Chase & Co. cut its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,325,960 shares of the communications equipment provider’s stock after selling 76,087 shares during the period. JPMorgan Chase & Co. owned 0.80% of Motorola Solutions worth $508,268,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Strategic Advocates LLC bought a new position in shares of Motorola Solutions in the third quarter worth about $28,000. MidAtlantic Capital Management Inc. bought a new stake in Motorola Solutions in the fourth quarter valued at approximately $28,000. Orion Capital Management LLC increased its stake in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Motorola Solutions in the third quarter valued at approximately $31,000. Finally, Harbor Investment Advisory LLC increased its stake in Motorola Solutions by 45.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 27 shares in the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Performance
NYSE MSI opened at $412.50 on Thursday. 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’s fifty day moving average price is $422.27 and its two-hundred day moving average price is $416.48. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The firm has a market capitalization of $68.48 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is 39.00%.
Analysts Set New Price Targets
Several equities research analysts have commented on MSI shares. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Barclays upped their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Piper Sandler upped their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $504.67.
Read Our Latest Report on Motorola Solutions
About Motorola Solutions
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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