Illinois Municipal Retirement Fund lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 32.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,916 shares of the communications equipment provider’s stock after selling 14,925 shares during the period. Illinois Municipal Retirement Fund’s holdings in Motorola Solutions were worth $13,417,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Seros Financial LLC purchased a new position in Motorola Solutions in the first quarter valued at $220,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Motorola Solutions by 152.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,547 shares of the communications equipment provider’s stock worth $1,104,000 after purchasing an additional 1,539 shares during the period. Advisors Preferred LLC raised its position in Motorola Solutions by 61.7% in the 1st quarter. Advisors Preferred LLC now owns 1,211 shares of the communications equipment provider’s stock valued at $526,000 after purchasing an additional 462 shares in the last quarter. Sanctuary Advisors LLC raised its position in Motorola Solutions by 42.7% in the 1st quarter. Sanctuary Advisors LLC now owns 37,409 shares of the communications equipment provider’s stock valued at $16,235,000 after purchasing an additional 11,199 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Motorola Solutions by 10.2% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,989 shares of the communications equipment provider’s stock valued at $863,000 after buying an additional 184 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 $413.40 on Friday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a market capitalization of $68.62 billion, a PE ratio of 33.31, a P/E/G ratio of 2.84 and a beta of 0.88. The company has a fifty day moving average of $407.39 and a two-hundred day moving average of $423.59.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analyst Ratings Changes
MSI has been the subject of a number of analyst reports. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays boosted their price target 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. Raymond James Financial reissued an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, Truist Financial reduced their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $504.67.
Check Out Our Latest 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.
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