Alphinity Investment Management Pty Ltd Has $455.05 Million Stake in Motorola Solutions, Inc. $MSI

Alphinity Investment Management Pty Ltd reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 20.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 995,095 shares of the communications equipment provider’s stock after selling 252,410 shares during the period. Motorola Solutions comprises 4.4% of Alphinity Investment Management Pty Ltd’s investment portfolio, making the stock its 9th biggest position. Alphinity Investment Management Pty Ltd’s holdings in Motorola Solutions were worth $455,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its stake in shares of Motorola Solutions by 2.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after buying an additional 21 shares in the last quarter. Advisors Capital Management LLC lifted its stake in Motorola Solutions by 1.0% in the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after purchasing an additional 24 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Motorola Solutions by 0.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after purchasing an additional 24 shares in the last quarter. Rexford Capital Inc. boosted its holdings in Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after purchasing an additional 24 shares during the period. Finally, IFC Advisors LLC grew its position in shares of Motorola Solutions by 0.6% during the 2nd quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the topic of several research analyst reports. Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Barclays lowered their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $491.86.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $421.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The business has a 50 day moving average of $385.88 and a 200 day moving average of $420.96. The company has a market cap of $70.28 billion, a PE ratio of 33.87, a P/E/G ratio of 3.15 and a beta of 1.00.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $1.21 dividend. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s payout ratio is currently 38.84%.

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.