Quantinno Capital Management LP increased its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 70.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 97,087 shares of the communications equipment provider’s stock after buying an additional 40,259 shares during the period. Quantinno Capital Management LP’s holdings in Motorola Solutions were worth $42,133,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Crestmont Private Wealth LLC acquired a new stake in Motorola Solutions in the 4th quarter valued at about $1,907,000. Janney Montgomery Scott LLC increased its position in Motorola Solutions by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock worth $27,744,000 after buying an additional 6,564 shares during the last quarter. Hsbc Holdings PLC raised its stake in Motorola Solutions by 12.9% in the fourth quarter. Hsbc Holdings PLC now owns 591,086 shares of the communications equipment provider’s stock valued at $226,642,000 after buying an additional 67,467 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Motorola Solutions by 15.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 706,588 shares of the communications equipment provider’s stock valued at $270,849,000 after buying an additional 96,751 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $943,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $430.82 on Friday. The firm has a 50 day moving average of $411.94 and a 200-day moving average of $426.24. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $71.52 billion, a PE ratio of 34.72, a PEG ratio of 3.02 and a beta of 0.88.
Motorola Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Piper Sandler lifted their target price on Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Barclays increased their price target on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $504.67.
Check Out Our Latest Research Report on MSI
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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