Great Lakes Advisors LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,427 shares of the communications equipment provider’s stock, valued at approximately $5,161,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of MSI. Whipplewood Advisors LLC boosted its holdings in Motorola Solutions by 1,966.7% during the 1st quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 59 shares during the period. Western Wealth Management LLC purchased a new stake in Motorola Solutions in the first quarter worth $27,000. Physician Wealth Advisors Inc. increased its stake in Motorola Solutions by 540.0% in the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 54 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Motorola Solutions during the third quarter worth $31,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Motorola Solutions during the fourth quarter worth $27,000. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Price Performance
MSI opened at $480.49 on Thursday. The company has a market capitalization of $79.52 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.80 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $493.57. The business’s fifty day simple moving average is $425.90 and its 200-day simple moving average is $432.37.
Motorola Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is 38.11%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on MSI shares. Barclays upped their price target on shares of Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Morgan Stanley reiterated an “overweight” rating and set a $476.00 price objective on shares of Motorola Solutions in a report on Thursday, August 6th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, UBS Group raised their target price on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat, Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $516.67.
Check Out Our Latest Research Report 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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