Arwa LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,323 shares of the communications equipment provider’s stock, valued at approximately $1,274,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Strategic Advocates LLC purchased a new position in shares of Motorola Solutions during the third quarter worth $28,000. MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions in the fourth quarter valued at $28,000. Orion Capital Management LLC grew its position in Motorola Solutions by 46.3% during the 4th 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 period. JPL Wealth Management LLC acquired a new stake in Motorola Solutions during the 3rd quarter worth about $31,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Motorola Solutions by 45.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 27 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
Shares of NYSE MSI opened at $395.88 on Friday. The firm has a fifty day moving average of $417.39 and a 200 day moving average of $417.87. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The firm has a market cap of $65.72 billion, a PE ratio of 31.90, a PEG ratio of 2.75 and a beta of 0.89. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s payout ratio is 39.00%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MSI. Truist Financial decreased their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Weiss Ratings lowered Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $504.67.
View Our Latest Report on Motorola Solutions
Motorola Solutions Company 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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