Peapack Gladstone Financial Corp cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 95.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 690 shares of the communications equipment provider’s stock after selling 15,744 shares during the period. Peapack Gladstone Financial Corp’s holdings in Motorola Solutions were worth $264,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Strategic Advocates LLC purchased a new position in Motorola Solutions during the third quarter worth about $28,000. JPL Wealth Management LLC purchased a new position in Motorola Solutions during the third quarter worth about $31,000. MidAtlantic Capital Management Inc. purchased a new position in Motorola Solutions during the fourth quarter worth about $28,000. Orion Capital Management LLC raised its stake in Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 27 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Trading Up 0.8%
Shares of MSI stock opened at $411.81 on Friday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a market capitalization of $68.36 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 2.84 and a beta of 0.89. The company has a 50 day moving average price of $424.71 and a 200 day moving average price of $415.38. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22.
Motorola Solutions Announces Dividend
The firm also recently disclosed 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. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Truist Financial dropped their price target on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Barclays lifted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $504.67.
Get Our Latest Stock Report on MSI
Motorola Solutions Company 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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