Tidal Investments LLC boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,177 shares of the communications equipment provider’s stock after purchasing an additional 1,633 shares during the period. Tidal Investments LLC’s holdings in Motorola Solutions were worth $7,964,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Ausdal Financial Partners Inc. boosted its holdings in shares of Motorola Solutions by 3.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider’s stock worth $324,000 after buying an additional 23 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in Motorola Solutions by 5.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 24 shares during the period. Lord & Richards Wealth Management LLC raised its position in Motorola Solutions by 2.0% in the first quarter. Lord & Richards Wealth Management LLC now owns 1,285 shares of the communications equipment provider’s stock worth $558,000 after acquiring an additional 25 shares during the period. Mill Capital Management LLC boosted its stake in Motorola Solutions by 0.9% in the fourth quarter. Mill Capital Management LLC now owns 2,935 shares of the communications equipment provider’s stock valued at $1,125,000 after acquiring an additional 25 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in Motorola Solutions by 4.5% in the fourth quarter. Bridges Investment Management Inc. now owns 604 shares of the communications equipment provider’s stock valued at $232,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.7%
MSI opened at $466.94 on Friday. The company has a 50 day moving average of $449.68 and a 200 day moving average of $437.46. The company has a market cap of $77.27 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.78 and a beta of 0.88. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $494.85. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 16th. Motorola Solutions’s payout ratio is presently 38.11%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MSI. UBS Group raised their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler increased their price objective on Motorola Solutions from $503.00 to $530.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Evercore restated an “outperform” rating and issued a $550.00 target price on shares of Motorola Solutions in a research note on Wednesday, August 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $476.00 price target on shares of Motorola Solutions in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $519.44.
Get Our Latest Report on Motorola Solutions
Insider Transactions at Motorola Solutions
In other news, CEO Gregory Brown sold 14,220 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the sale, the chief executive officer directly owned 66,648 shares in the company, valued at $32,338,942.56. This represents a 17.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the completion of the sale, the senior vice president directly owned 1,282 shares in the company, valued at approximately $611,462.72. The trade was a 43.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.28% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
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