Stonebrook Private Inc. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 62.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,324 shares of the communications equipment provider’s stock after selling 8,874 shares during the quarter. Stonebrook Private Inc.’s holdings in Motorola Solutions were worth $2,041,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Marks Group Wealth Management Inc lifted its position in Motorola Solutions by 10.0% during the 4th quarter. Marks Group Wealth Management Inc now owns 977 shares of the communications equipment provider’s stock valued at $375,000 after purchasing an additional 89 shares during the period. Westerkirk Capital Inc. raised its position in shares of Motorola Solutions by 33.5% in the 4th quarter. Westerkirk Capital Inc. now owns 6,425 shares of the communications equipment provider’s stock valued at $2,463,000 after acquiring an additional 1,613 shares during the period. TIAA Trust National Association raised its position in shares of Motorola Solutions by 1.6% in the 4th quarter. TIAA Trust National Association now owns 4,601 shares of the communications equipment provider’s stock valued at $1,764,000 after acquiring an additional 71 shares during the period. LPL Financial LLC raised its position in shares of Motorola Solutions by 12.4% in the 4th quarter. LPL Financial LLC now owns 175,873 shares of the communications equipment provider’s stock valued at $67,416,000 after acquiring an additional 19,380 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Motorola Solutions by 150.3% in the 4th quarter. Franklin Resources Inc. now owns 933,462 shares of the communications equipment provider’s stock valued at $357,815,000 after acquiring an additional 560,510 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Trading Up 1.8%
MSI stock opened at $414.21 on Wednesday. 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 company has a fifty day moving average price of $422.55 and a two-hundred day moving average price of $416.16. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The stock has a market cap of $68.76 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 2.83 and a beta of 0.89.
Motorola Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Wall Street Analysts Forecast Growth
Several analysts have commented on MSI shares. Barclays raised their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Piper Sandler raised 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 cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. JPMorgan Chase & Co. raised 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. Finally, Truist Financial decreased their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One research 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. According to data from MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $504.67.
Check Out Our Latest Research 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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