Pacer Advisors Inc. lifted its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,327 shares of the communications equipment provider’s stock after acquiring an additional 9,500 shares during the period. Pacer Advisors Inc.’s holdings in Motorola Solutions were worth $12,392,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions during the 4th quarter valued at $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions in the second quarter worth $210,000. HUB Investment Partners LLC grew its holdings in shares of Motorola Solutions by 38.7% during the second quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock valued at $1,068,000 after buying an additional 709 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Motorola Solutions by 17.7% during the second quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after buying an additional 2,450 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Motorola Solutions during the second quarter valued at $891,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $395.88 on Friday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The stock’s 50-day moving average is $417.39 and its two-hundred day moving average is $417.87. The firm has a market cap of $65.72 billion, a P/E ratio of 31.90, a PEG ratio of 2.75 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be given 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 dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analysts Forecast Growth
MSI has been the subject of a number of research reports. 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 research report on Friday, May 8th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Piper Sandler increased their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research note on Friday, May 8th. One investment 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 company. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and an average price target 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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