ABN AMRO Bank N.V. lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,999 shares of the communications equipment provider’s stock after selling 23,586 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Motorola Solutions were worth $51,197,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MSI. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $28,000. JPL Wealth Management LLC bought a new position in shares of Motorola Solutions during the 3rd quarter worth approximately $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Motorola Solutions in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC boosted its stake in Motorola Solutions by 217.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 73 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Motorola Solutions in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Up 1.5%
MSI stock opened at $402.89 on Friday. The business has a fifty day moving average price of $413.16 and a 200 day moving average price of $418.67. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The stock has a market capitalization of $66.88 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 2.81 and a beta of 0.89. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analyst Weigh In
Several research firms have issued reports on MSI. Truist Financial dropped their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Raymond James Financial restated an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Barclays increased their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Evercore reissued an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $504.67.
View Our Latest Research Report 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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