Summit Global Investments increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 207.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,618 shares of the communications equipment provider’s stock after purchasing an additional 2,440 shares during the quarter. Summit Global Investments’ holdings in Motorola Solutions were worth $1,570,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Motorola Solutions in the 4th quarter worth approximately $942,542,000. Northwestern Mutual Wealth Management Co. grew its holdings in Motorola Solutions by 11,507.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after buying an additional 1,181,925 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of Motorola Solutions by 95.6% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock valued at $491,824,000 after buying an additional 627,066 shares during the last quarter. Stifel Financial Corp raised its position in shares of Motorola Solutions by 576.0% during the fourth quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock valued at $271,429,000 after buying an additional 603,330 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings in shares of Motorola Solutions by 74.3% in the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after buying an additional 570,712 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Stock Down 0.6%
Shares of MSI opened at $410.87 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The stock has a market capitalization of $68.21 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The business’s 50 day simple moving average is $408.34 and its 200-day simple moving average is $424.04.
Motorola Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Analysts Set New Price Targets
MSI has been the subject of a number of research reports. Barclays upped their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. Piper Sandler boosted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Weiss Ratings lowered Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $504.67.
Read Our Latest Stock Analysis on MSI
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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