Lazard Asset Management LLC lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,176 shares of the communications equipment provider’s stock after selling 36,202 shares during the quarter. Lazard Asset Management LLC’s holdings in Motorola Solutions were worth $88,172,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. lifted its holdings 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 worth $1,570,096,000 after purchasing an additional 31,744 shares during the last quarter. Norges Bank acquired a new position in Motorola Solutions during the fourth quarter valued at approximately $942,542,000. Aristotle Capital Management LLC acquired a new position in Motorola Solutions during the first quarter valued at approximately $983,432,000. Morgan Stanley raised its position in shares of Motorola Solutions by 2.0% in the fourth quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock valued at $672,364,000 after purchasing an additional 34,715 shares during the period. Finally, Amundi lifted its stake in shares of Motorola Solutions by 19.6% in the fourth quarter. Amundi now owns 1,570,227 shares of the communications equipment provider’s stock worth $601,899,000 after buying an additional 257,483 shares during the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Trading Up 1.4%
Shares of Motorola Solutions stock opened at $423.85 on Tuesday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company’s fifty day simple moving average is $409.73 and its 200-day simple moving average is $425.08. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.91 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MSI. Barclays raised their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Zacks Research raised Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Truist Financial dropped their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and an average price target of $504.67.
View Our Latest Research Report on MSI
About Motorola Solutions
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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