Thrivent Financial for Lutherans Has $36.12 Million Holdings in Motorola Solutions, Inc. $MSI

Thrivent Financial for Lutherans increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,986 shares of the communications equipment provider’s stock after purchasing an additional 9,914 shares during the period. Thrivent Financial for Lutherans’ holdings in Motorola Solutions were worth $36,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Independent Advisor Alliance increased its stake in shares of Motorola Solutions by 12.0% in the 3rd quarter. Independent Advisor Alliance now owns 2,121 shares of the communications equipment provider’s stock valued at $970,000 after purchasing an additional 227 shares during the last quarter. Keybank National Association OH grew its position in Motorola Solutions by 9.0% during the 3rd quarter. Keybank National Association OH now owns 6,625 shares of the communications equipment provider’s stock worth $3,030,000 after acquiring an additional 548 shares during the last quarter. Howard Capital Management Inc. raised its position in Motorola Solutions by 2.7% in the third quarter. Howard Capital Management Inc. now owns 1,198 shares of the communications equipment provider’s stock valued at $548,000 after purchasing an additional 31 shares during the last quarter. Berman McAleer LLC acquired a new stake in shares of Motorola Solutions during the third quarter valued at about $2,866,000. Finally, National Pension Service raised its holdings in Motorola Solutions by 2.3% in the 3rd quarter. National Pension Service now owns 412,344 shares of the communications equipment provider’s stock valued at $188,561,000 after buying an additional 9,129 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSI has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Barclays lowered their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Stock Up 0.4%

Motorola Solutions stock opened at $404.23 on Tuesday. The firm has a market capitalization of $67.32 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 3.01 and a beta of 1.00. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The firm has a 50 day simple moving average of $382.19 and a 200 day simple moving average of $421.10.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $1.21 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

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.