McLaughlin Asset Management Inc. bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,024 shares of the communications equipment provider’s stock, valued at approximately $776,000.
Other large investors have also recently modified their holdings of the company. Strategic Advocates LLC bought a new position in Motorola Solutions in the 3rd quarter worth approximately $28,000. MidAtlantic Capital Management Inc. bought a new stake in Motorola Solutions during the 4th quarter valued at $28,000. Orion Capital Management LLC lifted its position in shares of 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 acquiring an additional 25 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth $31,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of 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 acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 1.2%
MSI stock opened at $395.88 on Friday. The company’s 50 day moving average is $418.42 and its 200 day moving average is $418.03. The stock has a market cap of $65.72 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is 39.00%.
Wall Street Analysts Forecast Growth
MSI has been the subject of several recent research reports. Barclays lifted their price target on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Raymond James Financial restated an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Finally, Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $504.67.
Get 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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