M&G PLC boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 17.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,912 shares of the communications equipment provider’s stock after purchasing an additional 20,344 shares during the period. M&G PLC owned approximately 0.08% of Motorola Solutions worth $58,763,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth $650,426,000. Vanguard Group Inc. raised its holdings in Motorola Solutions by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider’s stock worth $9,413,403,000 after buying an additional 321,280 shares during the period. Hsbc Holdings PLC lifted its stake in Motorola Solutions by 49.1% during the first quarter. Hsbc Holdings PLC now owns 746,011 shares of the communications equipment provider’s stock valued at $325,558,000 after buying an additional 245,739 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of Motorola Solutions in the second quarter worth approximately $87,162,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Motorola Solutions by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,520,116 shares of the communications equipment provider’s stock valued at $665,522,000 after acquiring an additional 187,400 shares during the period. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
MSI stock opened at $391.91 on Wednesday. The firm has a 50 day moving average of $449.35 and a two-hundred day moving average of $436.19. Motorola Solutions, Inc. has a 12 month low of $387.77 and a 12 month high of $503.62. The company has a market capitalization of $65.27 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 3.46 and a beta of 0.97. 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued 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 34.99%.
Wall Street Analysts Forecast Growth
MSI has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. UBS Group increased their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Evercore ISI boosted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays cut their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Piper Sandler reissued a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $506.43.
Read Our Latest Stock Report on Motorola Solutions
Insider Buying and Selling
In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the transaction, the chief operating officer owned 59,328 shares in the company, valued at $27,432,080.64. This trade represents a 38.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the sale, the senior vice president owned 14,542 shares of the company’s stock, valued at $7,059,123.06. The trade was a 10.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 248,493 shares of company stock worth $116,848,278 over the last ninety days. Company insiders own 1.44% of the company’s stock.
About Motorola Solutions
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.
Further Reading
- Five stocks we like better than Motorola Solutions
- Where to Find Earnings Call Transcripts
- Amazon Is One of the Clearest Buys If the Market Dips Again
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- CoreWeave’s Guidance Cut: A Buying Opportunity in Disguise?
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?
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.
