Butensky & Cohen Financial Security Inc. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 15.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,020 shares of the communications equipment provider’s stock after buying an additional 1,327 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Motorola Solutions were worth $4,161,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of MSI. Norges Bank purchased a new stake in Motorola Solutions in the fourth quarter worth about $942,542,000. Aristotle Capital Management LLC bought a new position in shares of Motorola Solutions during the first quarter valued at approximately $983,432,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Motorola Solutions by 11,507.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after purchasing an additional 1,181,925 shares during the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of Motorola Solutions by 95.6% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock valued at $491,824,000 after purchasing an additional 627,066 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Motorola Solutions by 576.0% in the 4th quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock worth $271,429,000 after purchasing an additional 603,330 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Trading Up 0.8%
NYSE:MSI opened at $465.76 on Wednesday. The company’s 50 day moving average price is $419.03 and its 200-day moving average price is $429.59. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $493.57. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. The stock has a market cap of $77.08 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 3.00 and a beta of 0.87.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were paid a $1.21 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. Motorola Solutions’s payout ratio is currently 38.11%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MSI. Zacks Research upgraded Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Bank of America reiterated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Barclays increased their target price on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, UBS Group raised their price target on Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $516.67.
View Our Latest Stock Report on MSI
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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