Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 66.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,584 shares of the communications equipment provider’s stock after selling 98,580 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Motorola Solutions were worth $19,390,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at $28,000. JPL Wealth Management LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at $31,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions in the 4th quarter valued at $28,000. Orion Capital Management LLC increased its stake in shares of Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Motorola Solutions in the 4th quarter valued at $33,000. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
MSI opened at $410.80 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $68.19 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 2.87 and a beta of 0.89. The firm’s fifty day moving average price is $420.82 and its two-hundred day moving average price is $417.39. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Analysts Set New Price Targets
Several research firms have recently weighed in on MSI. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research note on Friday, May 8th. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial decreased 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 note on Friday, May 8th. Barclays boosted their price target on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Stock Analysis on Motorola Solutions
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.
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