Corient Private Wealth LLC trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 33.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,112 shares of the communications equipment provider’s stock after selling 44,838 shares during the quarter. Corient Private Wealth LLC’s holdings in Motorola Solutions were worth $34,197,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MSI. Capital World Investors raised its position in shares of Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the period. Barden Capital Management Inc. acquired a new position in Motorola Solutions during the third quarter worth $1,462,000. Nordea Investment Management AB lifted its stake in shares of Motorola Solutions by 28.0% in the fourth quarter. Nordea Investment Management AB now owns 179,437 shares of the communications equipment provider’s stock valued at $68,843,000 after buying an additional 39,236 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Motorola Solutions by 56.6% during the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after buying an additional 435,178 shares during the last quarter. Finally, Freemont Management S.A. raised its holdings in shares of Motorola Solutions by 200.0% in the 4th quarter. Freemont Management S.A. now owns 7,500 shares of the communications equipment provider’s stock worth $2,875,000 after acquiring an additional 5,000 shares during the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Price Performance
NYSE:MSI opened at $395.88 on Monday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The stock has a fifty day moving average of $417.39 and a 200 day moving average of $418.19. 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 $65.72 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.75 and a beta of 0.89.
Motorola Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be given a $1.21 dividend. 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 payout ratio is presently 39.00%.
Analyst Ratings Changes
MSI has been the topic of several analyst reports. Evercore restated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Piper Sandler lifted their target price on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Truist Financial decreased their target price 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. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. One equities 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 company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $504.67.
View Our Latest Analysis on Motorola Solutions
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.
Recommended Stories
- Five stocks we like better than Motorola Solutions
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
- Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
- 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost
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.
