Fiduciary Alliance LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,700 shares of the communications equipment provider’s stock, valued at approximately $1,189,000.
A number of other hedge funds have also made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Motorola Solutions during the 4th quarter worth about $27,000. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions in the third quarter valued at approximately $28,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions during the 4th quarter valued at about $28,000. Orion Capital Management LLC lifted its stake in shares of Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Motorola Solutions during the third quarter valued at $31,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $402.89 on Friday. 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, Inc. has a one year low of $359.36 and a one year high of $492.22. The company has a 50-day simple moving average of $413.16 and a 200-day simple moving average of $418.67. The stock has a market capitalization of $66.88 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 2.77 and a beta of 0.89.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend 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%.
Analyst Upgrades and Downgrades
MSI has been the topic of several research reports. Weiss Ratings lowered Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Raymond James Financial restated an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. Truist Financial cut their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Barclays upped their price objective on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Piper Sandler upped their target price on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One investment 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 stock. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $504.67.
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.
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