Aristotle Capital Management LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,266,047 shares of the communications equipment provider’s stock, valued at approximately $983,432,000. Motorola Solutions makes up about 2.1% of Aristotle Capital Management LLC’s holdings, making the stock its 11th biggest position.
Several other institutional investors have also added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Motorola Solutions during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC boosted its stake in shares of Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 59 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. grew its holdings in shares of Motorola Solutions by 540.0% in the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 54 shares during the last quarter. Finally, Orion Capital Management LLC grew its holdings in shares of 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 during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Stock Performance
Shares of NYSE MSI opened at $418.44 on Friday. The firm’s 50-day moving average price is $409.42 and its 200-day moving average price is $424.49. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a market cap of $69.46 billion, a PE ratio of 33.72, a PEG ratio of 2.83 and a beta of 0.88. 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 was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were issued a $1.21 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is presently 39.00%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Barclays raised their target price on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Raymond James Financial reissued an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $504.67.
Read Our Latest Stock Report on MSI
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.
Further Reading
- Five stocks we like better than Motorola Solutions
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
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.
