Assenagon Asset Management S.A. boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,194 shares of the communications equipment provider’s stock after purchasing an additional 15,145 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Motorola Solutions were worth $24,820,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Tranquility Partners LLC increased its stake in shares of Motorola Solutions by 57.7% in the first quarter. Tranquility Partners LLC now owns 1,074 shares of the communications equipment provider’s stock valued at $466,000 after buying an additional 393 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in Motorola Solutions by 11.3% in the first quarter. Cidel Asset Management Inc. now owns 43,221 shares of the communications equipment provider’s stock valued at $18,757,000 after buying an additional 4,383 shares during the period. Cache Advisors LLC bought a new position in Motorola Solutions in the first quarter valued at approximately $139,000. HHM Wealth Advisors LLC raised its position in shares of Motorola Solutions by 217.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Krilogy Financial LLC lifted its stake in shares of Motorola Solutions by 78.9% in the 1st quarter. Krilogy Financial LLC now owns 907 shares of the communications equipment provider’s stock valued at $403,000 after purchasing an additional 400 shares during the period. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Up 1.5%
Shares of MSI stock opened at $402.89 on Friday. 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 $66.88 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 2.77 and a beta of 0.89. The firm’s 50-day moving average is $413.16 and its 200-day moving average is $418.67. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07.
Motorola Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on MSI shares. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial lowered their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Barclays raised their price objective on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus price target of $504.67.
About Motorola Solutions
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.
Featured Stories
- Five stocks we like better than Motorola Solutions
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
