Clearbridge Investments LLC cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,081 shares of the communications equipment provider’s stock after selling 6,548 shares during the period. Clearbridge Investments LLC owned 0.17% of Motorola Solutions worth $111,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Strategic Advocates LLC bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $28,000. MidAtlantic Capital Management Inc. bought a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $28,000. Orion Capital Management LLC grew its stake in shares of Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 25 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $31,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 27 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 0.0%
Shares of NYSE:MSI opened at $410.54 on Monday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The stock has a market cap of $68.15 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89. The business’s 50 day moving average is $423.90 and its 200 day moving average is $415.61. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s dividend payout ratio is 39.00%.
Analyst Ratings Changes
A number of research firms have recently commented on MSI. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Barclays upped their target price on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus target price of $504.67.
Get Our Latest Research Report on Motorola Solutions
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.
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