Insight Wealth Strategies LLC raised its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,225 shares of the communications equipment provider’s stock after purchasing an additional 3,309 shares during the period. Insight Wealth Strategies LLC’s holdings in Motorola Solutions were worth $6,797,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC grew its stake in Motorola Solutions by 5.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock valued at $185,000 after buying an additional 24 shares during the last quarter. Orion Capital Management LLC lifted its position 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 acquiring an additional 25 shares during the last quarter. Lord & Richards Wealth Management LLC boosted its holdings in shares of Motorola Solutions by 2.0% during the first quarter. Lord & Richards Wealth Management LLC now owns 1,285 shares of the communications equipment provider’s stock worth $558,000 after acquiring an additional 25 shares during the period. Mill Capital Management LLC boosted its holdings in shares of Motorola Solutions by 0.9% during the fourth quarter. Mill Capital Management LLC now owns 2,935 shares of the communications equipment provider’s stock worth $1,125,000 after acquiring an additional 25 shares during the period. Finally, Bridges Investment Management Inc. grew its position in shares of Motorola Solutions by 4.5% in the fourth quarter. Bridges Investment Management Inc. now owns 604 shares of the communications equipment provider’s stock valued at $232,000 after purchasing an additional 26 shares during the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Trading Up 0.8%
MSI opened at $465.76 on Wednesday. The stock has a market capitalization of $77.08 billion, a price-to-earnings ratio of 36.67, a P/E/G ratio of 3.00 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $493.57. The company has a 50-day simple moving average of $419.03 and a 200 day simple moving average of $429.59.
Motorola Solutions Dividend Announcement
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 1.0%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays boosted their price target on Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Piper Sandler upped their price objective on Motorola Solutions from $503.00 to $530.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $476.00 price objective on shares of Motorola Solutions in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $516.67.
View Our Latest Report on Motorola Solutions
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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