CenterBook Partners LP reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,292 shares of the communications equipment provider’s stock after selling 1,336 shares during the period. CenterBook Partners LP’s holdings in Motorola Solutions were worth $2,412,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $28,000. MidAtlantic Capital Management Inc. bought a new position in Motorola Solutions in the 4th quarter valued at $28,000. Orion Capital Management LLC boosted its stake in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Motorola Solutions during the third quarter worth $31,000. Finally, Harbor Investment Advisory LLC grew its holdings 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 worth $33,000 after purchasing an additional 27 shares during the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Performance
Motorola Solutions stock opened at $414.21 on Wednesday. The company has a market cap of $68.76 billion, a PE ratio of 33.38, a PEG ratio of 2.83 and a beta of 0.89. 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, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company’s 50-day moving average is $422.55 and its two-hundred day moving average is $416.16.
Motorola Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on MSI shares. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Raymond James Financial reissued an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. Finally, Piper Sandler upped their price objective on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and a consensus target price of $504.67.
Get Our Latest Analysis 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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