Healthcare of Ontario Pension Plan Trust Fund reduced its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 66.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,584 shares of the communications equipment provider’s stock after selling 98,580 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Motorola Solutions were worth $19,390,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors raised its stake in Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after acquiring an additional 490,354 shares during the period. Barden Capital Management Inc. bought a new stake in Motorola Solutions in the 3rd quarter valued at about $1,462,000. Nordea Investment Management AB raised its stake in Motorola Solutions by 28.0% in the 4th quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock valued at $68,843,000 after acquiring an additional 39,236 shares during the period. Victory Capital Management Inc. raised its stake in Motorola Solutions by 56.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after acquiring an additional 435,178 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Motorola Solutions in the 3rd quarter valued at about $1,328,000. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Down 0.4%
MSI stock opened at $410.80 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The company’s 50 day moving average is $420.82 and its 200 day moving average is $417.39. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is 39.00%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Piper Sandler upped their price target on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, Barclays upped 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $504.67.
Get Our Latest Stock Report on MSI
Motorola Solutions Company 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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