ABN Amro Investment Solutions raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 519.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,198 shares of the communications equipment provider’s stock after purchasing an additional 50,486 shares during the period. ABN Amro Investment Solutions’ holdings in Motorola Solutions were worth $26,124,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Motorola Solutions during the fourth quarter worth $942,542,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Motorola Solutions by 11,507.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after acquiring an additional 1,181,925 shares in the last quarter. Orbis Allan Gray Ltd grew its position in Motorola Solutions by 95.6% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock worth $491,824,000 after acquiring an additional 627,066 shares during the last quarter. Stifel Financial Corp increased its holdings in Motorola Solutions by 576.0% in the 4th quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock worth $271,429,000 after purchasing an additional 603,330 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in Motorola Solutions by 74.3% in the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after purchasing an additional 570,712 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.1%
NYSE MSI opened at $405.71 on Wednesday. The business’s 50-day moving average price is $408.62 and its two-hundred day moving average price is $424.19. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market capitalization of $67.35 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th were issued a dividend of $1.21 per share. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Piper Sandler lifted their price target on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Barclays upped their price objective on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Truist Financial cut their target price on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. Finally, Evercore restated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $504.67.
View Our Latest Stock Report on MSI
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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