Arrowstreet Capital Limited Partnership lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 19.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 569,177 shares of the communications equipment provider’s stock after selling 137,411 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Motorola Solutions were worth $247,006,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Motorola Solutions in the 4th quarter valued at $942,542,000. Northwestern Mutual Wealth Management Co. increased its position in Motorola Solutions by 11,507.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after purchasing an additional 1,181,925 shares during the period. Orbis Allan Gray Ltd raised its holdings 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 purchasing an additional 627,066 shares during the last quarter. Stifel Financial Corp raised its holdings in Motorola Solutions by 576.0% during 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 during the last quarter. Finally, Ninety One UK Ltd lifted its position in Motorola Solutions by 74.3% during the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock valued at $513,108,000 after purchasing an additional 570,712 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Up 2.8%
NYSE MSI opened at $418.44 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The company has a market cap of $69.46 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.83 and a beta of 0.88. The company has a 50 day moving average of $409.42 and a 200-day moving average of $424.49. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were given 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 39.00%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MSI. Piper Sandler raised their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Raymond James Financial restated an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a report on Friday, May 8th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Zacks Research upgraded shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $504.67.
View Our Latest Research 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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