World Investment Advisors lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,070 shares of the communications equipment provider’s stock after selling 2,241 shares during the period. World Investment Advisors’ holdings in Motorola Solutions were worth $14,987,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MSI. Argos Wealth Advisors LLC bought a new position in Motorola Solutions in the 4th quarter worth $1,279,000. HighPoint Advisor Group LLC grew its position in Motorola Solutions by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,895 shares of the communications equipment provider’s stock valued at $3,410,000 after purchasing an additional 219 shares during the last quarter. Money Concepts Capital Corp grew its position in Motorola Solutions by 55.9% during the 4th quarter. Money Concepts Capital Corp now owns 1,891 shares of the communications equipment provider’s stock valued at $725,000 after purchasing an additional 678 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs grew its position in Motorola Solutions by 4.3% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 6,671 shares of the communications equipment provider’s stock valued at $2,557,000 after purchasing an additional 274 shares during the last quarter. Finally, Katamaran Capital LLP boosted its holdings in shares of Motorola Solutions by 379.2% during the 4th quarter. Katamaran Capital LLP now owns 15,237 shares of the communications equipment provider’s stock valued at $5,841,000 after acquiring an additional 12,057 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 0.1%
NYSE MSI opened at $391.76 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The company has a fifty day moving average of $445.48 and a two-hundred day moving average of $415.74. The firm has a market capitalization of $65.03 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.72 and a beta of 0.93. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th were given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 20th. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Insider Buying and Selling at Motorola Solutions
In other news, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Q. Brown sold 28,435 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the transaction, the chief executive officer owned 90,721 shares in the company, valued at approximately $43,360,101.95. This trade represents a 23.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Truist Financial dropped their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a report on Thursday, February 12th. Barclays raised their price objective on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $504.67.
Get Our Latest 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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