Catalyst Capital Advisors LLC trimmed its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 50.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,453 shares of the communications equipment provider’s stock after selling 5,529 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Motorola Solutions were worth $2,293,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $25,000. Saudi Central Bank acquired a new position in Motorola Solutions during the first quarter worth $29,000. Fort Vancouver Investment Management LLC acquired a new position in Motorola Solutions during the first quarter worth $37,000. Alpine Bank Wealth Management acquired a new position in Motorola Solutions during the first quarter worth $40,000. Finally, Meeder Asset Management Inc. lifted its stake in Motorola Solutions by 47.1% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 33 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Trading Down 0.6%
MSI opened at $444.24 on Friday. The firm has a market cap of $74.01 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 3.57 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82. The business’s 50 day moving average is $463.44 and its two-hundred day moving average is $436.50. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.
Motorola Solutions Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s payout ratio is 35.10%.
Insider Buying and Selling
In other news, COO John P. Molloy sold 37,514 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the transaction, the chief operating officer directly owned 59,328 shares in the company, valued at $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. The trade was a 10.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,493 shares of company stock worth $116,848,278. 1.44% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Piper Sandler started coverage on shares of Motorola Solutions in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price objective on the stock. Evercore ISI raised their price target on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Finally, UBS Group raised their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $513.00.
Get Our Latest Stock Report on Motorola Solutions
Motorola Solutions Profile
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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