Investment Management Corp of Ontario lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 27.1% during the fourth quarter, Holdings Channel reports. The fund owned 86,276 shares of the communications equipment provider’s stock after purchasing an additional 18,419 shares during the quarter. Investment Management Corp of Ontario’s holdings in Motorola Solutions were worth $33,071,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of MSI. Strategic Advocates LLC acquired a new position in Motorola Solutions in the third quarter worth about $28,000. MidAtlantic Capital Management Inc. acquired a new position in Motorola Solutions in the fourth quarter worth about $28,000. Orion Capital Management LLC grew 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 worth $30,000 after purchasing an additional 25 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Motorola Solutions in the third quarter worth about $31,000. Finally, Harbor Investment Advisory LLC grew 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 worth $33,000 after purchasing an additional 27 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $400.28 on Thursday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The company has a market cap of $66.45 billion, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89. The company’s fifty day moving average is $419.35 and its two-hundred day moving average is $417.84.
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 issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is 39.00%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MSI. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research note on Friday, May 8th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Truist Financial reduced their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Barclays boosted their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $504.67.
Read Our Latest Analysis 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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