Columbus Macro LLC decreased its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,343 shares of the communications equipment provider’s stock after selling 2,176 shares during the quarter. Columbus Macro LLC’s holdings in Motorola Solutions were worth $5,059,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Motorola Solutions by 4.3% in the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after purchasing an additional 323,725 shares during the last quarter. Aristotle Capital Management LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at $983,432,000. Amundi lifted its position in shares of Motorola Solutions by 1.9% during the 1st quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after purchasing an additional 30,264 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock worth $599,532,000 after purchasing an additional 352,679 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Motorola Solutions by 5.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock worth $539,958,000 after purchasing an additional 59,294 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.4%
Shares of NYSE MSI traded up $1.94 during mid-day trading on Wednesday, reaching $450.95. The company had a trading volume of 769,242 shares, compared to its average volume of 1,052,924. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The firm has a 50 day simple moving average of $464.31 and a two-hundred day simple moving average of $435.36. The stock has a market cap of $74.63 billion, a P/E ratio of 35.51, a PEG ratio of 2.67 and a beta of 0.88. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $494.85.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.21 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s payout ratio is 38.11%.
Insider Transactions at Motorola Solutions
In related 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 value of $6,899,828.40. Following the completion of the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. This represents a 17.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kathryn A. Moore sold 1,004 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares in the company, valued at $611,462.72. This represents a 43.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
MSI has been the subject of a number of analyst reports. Zacks Research downgraded shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Bank of America restated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. Truist Financial raised their price target on Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Raymond James Financial lifted their price target on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Finally, Barclays upped their price objective on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $530.10.
Get Our Latest Stock Analysis on MSI
Motorola Solutions Company Profile
Motorola Solutions, Inc is a technology company that provides communications, command center, video security and analytical solutions for public safety and commercial organizations. Its offerings are designed to help government agencies, first responders, enterprises and other organizations coordinate operations, manage incidents and improve security.
The company’s products and services include land mobile radio communications, broadband and software-based communications, computer-aided dispatch and records-management systems, video security and access-control technologies, and command center software.
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