Johnson Investment Counsel Inc. Increases Stock Holdings in Motorola Solutions, Inc. $MSI

Johnson Investment Counsel Inc. lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,762 shares of the communications equipment provider’s stock after acquiring an additional 2,184 shares during the period. Johnson Investment Counsel Inc.’s holdings in Motorola Solutions were worth $21,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. Vanguard Group Inc. grew its position in shares of Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares during the period. State Street Corp raised its stake in Motorola Solutions by 1.3% during the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after purchasing an additional 101,408 shares during the period. Geode Capital Management LLC raised its position in Motorola Solutions by 1.2% in the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock valued at $1,839,569,000 after purchasing an additional 51,474 shares during the period. Raymond James Financial Inc. increased its position in shares of Motorola Solutions by 0.8% during the second quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after acquiring an additional 27,206 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Motorola Solutions in the second quarter valued at $872,307,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

MSI opened at $422.68 on Tuesday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a market cap of $70.40 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 3.15 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The company’s 50-day moving average price is $386.86 and its 200 day moving average price is $420.93.

Motorola Solutions Increases Dividend

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

Analyst Ratings Changes

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

Motorola Solutions Company 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.