CIBC Asset Management Inc trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 90,852 shares of the communications equipment provider’s stock after selling 17,320 shares during the quarter. CIBC Asset Management Inc’s holdings in Motorola Solutions were worth $34,759,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Motorola Solutions by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after acquiring an additional 286,366 shares during the period. Capital World Investors raised its holdings in shares of Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after buying an additional 490,354 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Motorola Solutions by 0.9% during the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after buying an additional 31,744 shares in the last quarter. Norges Bank acquired a new position in shares of Motorola Solutions during the 4th quarter worth $942,542,000. Finally, Swedbank AB raised its holdings in shares of Motorola Solutions by 10.7% during the 4th quarter. Swedbank AB now owns 1,490,010 shares of the communications equipment provider’s stock worth $571,151,000 after buying an additional 144,518 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Price Performance
Shares of MSI opened at $409.36 on Thursday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The business has a 50-day simple moving average of $425.55 and a two-hundred day simple moving average of $415.15. 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 stock has a market cap of $67.95 billion, a PE ratio of 32.99, a PEG ratio of 2.89 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MSI. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Piper Sandler boosted their price target on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a report on Monday. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $504.67.
Check Out Our Latest Report on Motorola Solutions
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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