Erste Asset Management GmbH cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 92.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,235 shares of the communications equipment provider’s stock after selling 37,810 shares during the quarter. Erste Asset Management GmbH’s holdings in Motorola Solutions were worth $1,203,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MSI. Revolve Wealth Partners LLC purchased a new position in Motorola Solutions during the 4th quarter valued at about $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter worth about $210,000. HUB Investment Partners LLC boosted its stake in shares of Motorola Solutions by 38.7% during the 2nd quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after purchasing an additional 709 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in shares of Motorola Solutions by 17.7% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock worth $6,845,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Motorola Solutions during the 2nd quarter worth about $891,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Trading Down 0.4%
NYSE MSI opened at $412.50 on Thursday. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company’s 50 day moving average price is $422.27 and its 200 day moving average price is $416.48. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The firm has a market capitalization of $68.48 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.88 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The company also recently disclosed 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. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Wall Street Analyst Weigh In
MSI has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Piper Sandler increased their price objective on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $504.67.
Get Our Latest Stock Analysis on Motorola Solutions
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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