Greenwood Capital Associates LLC lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 45.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,993 shares of the communications equipment provider’s stock after acquiring an additional 6,920 shares during the quarter. Motorola Solutions accounts for about 0.9% of Greenwood Capital Associates LLC’s portfolio, making the stock its 24th largest position. Greenwood Capital Associates LLC’s holdings in Motorola Solutions were worth $9,133,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions in the 4th quarter valued at about $208,000. Sivia Capital Partners LLC acquired a new position in shares of Motorola Solutions during the second quarter worth about $210,000. HUB Investment Partners LLC grew its position in shares of Motorola Solutions by 38.7% during the second quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after buying an additional 709 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of Motorola Solutions by 17.7% during the second quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock worth $6,845,000 after buying an additional 2,450 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth approximately $891,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Down 0.0%
Shares of NYSE:MSI opened at $486.43 on Friday. The company has a market capitalization of $80.50 billion, a PE ratio of 38.30, a P/E/G ratio of 2.90 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $493.57. The firm has a 50 day simple moving average of $436.90 and a 200-day simple moving average of $435.71.
Motorola Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is 38.11%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Barclays increased their price objective on shares of Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a $476.00 target price on shares of Motorola Solutions in a research note on Thursday, August 6th. Finally, Evercore reissued an “outperform” rating and issued a $550.00 target price on shares of Motorola Solutions in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $519.44.
Read Our Latest Stock Report on MSI
Insiders Place Their Bets
In other Motorola Solutions news, SVP Kathryn A. Moore sold 1,004 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the transaction, the senior vice president directly owned 1,282 shares of the company’s stock, valued at approximately $611,462.72. The trade was a 43.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is currently owned by company insiders.
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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