Bank of New York Mellon Corp lessened its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 10.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 945,652 shares of the communications equipment provider’s stock after selling 110,167 shares during the quarter. Bank of New York Mellon Corp’s holdings in Motorola Solutions were worth $362,487,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Motorola Solutions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after buying an additional 286,366 shares during the period. Capital World Investors increased 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 buying an additional 490,354 shares during the period. Raymond James Financial Inc. increased its stake in Motorola Solutions by 0.9% in the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock valued at $1,570,096,000 after buying an additional 31,744 shares during the period. Norges Bank acquired a new position in Motorola Solutions in the 4th quarter valued at approximately $942,542,000. Finally, Swedbank AB increased its stake in Motorola Solutions by 10.7% in the 4th quarter. Swedbank AB now owns 1,490,010 shares of the communications equipment provider’s stock valued at $571,151,000 after buying an additional 144,518 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
NYSE:MSI opened at $411.81 on Friday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The firm’s fifty day simple moving average is $424.71 and its 200 day simple moving average is $415.38. 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 firm has a market capitalization of $68.36 billion, a PE ratio of 33.18, a PEG ratio of 2.84 and a beta of 0.89.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Wall Street Analyst Weigh In
MSI has been the topic of several research reports. Piper Sandler upped their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Truist Financial dropped their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Monday. Finally, Morgan Stanley restated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $504.67.
Get Our Latest Research Report on Motorola Solutions
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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