IFM Investors Pty Ltd lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.0% during the 1st quarter, Holdings Channel reports. The fund owned 35,120 shares of the communications equipment provider’s stock after buying an additional 1,340 shares during the quarter. IFM Investors Pty Ltd’s holdings in Motorola Solutions were worth $15,241,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC purchased a new position in shares of Motorola Solutions during the 3rd quarter worth $28,000. JPL Wealth Management LLC acquired a new position in Motorola Solutions during the 3rd quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $27,000. HHM Wealth Advisors LLC increased its position in shares of Motorola Solutions by 217.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Motorola Solutions in the fourth quarter valued at $28,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Motorola Solutions stock opened at $419.31 on Thursday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a fifty day moving average of $411.47 and a two-hundred day moving average of $419.97. The company has a market capitalization of $69.60 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.89 and a beta of 0.88. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is 39.00%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MSI shares. Barclays raised their price objective on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Piper Sandler lifted their price objective on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $504.67.
Check Out Our Latest Stock Analysis on Motorola Solutions
Motorola Solutions 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.
Featured Stories
- Five stocks we like better than Motorola Solutions
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
