Carderock Capital Management Inc. raised its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,069 shares of the communications equipment provider’s stock after buying an additional 1,212 shares during the period. Motorola Solutions comprises about 1.7% of Carderock Capital Management Inc.’s portfolio, making the stock its 26th biggest position. Carderock Capital Management Inc.’s holdings in Motorola Solutions were worth $7,919,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in MSI. Norges Bank acquired a new position in shares of Motorola Solutions in the fourth quarter worth approximately $942,542,000. Aristotle Capital Management LLC acquired a new stake in Motorola Solutions during the 1st quarter valued at approximately $983,432,000. Northwestern Mutual Wealth Management Co. raised its holdings in Motorola Solutions by 11,507.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after purchasing an additional 1,181,925 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in Motorola Solutions by 95.6% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock worth $491,824,000 after purchasing an additional 627,066 shares during the last quarter. Finally, Stifel Financial Corp lifted 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 during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Up 1.4%
Motorola Solutions stock opened at $443.40 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The firm’s fifty day moving average is $413.87 and its 200 day moving average is $427.30. The company has a market capitalization of $73.60 billion, a PE ratio of 35.73, a PEG ratio of 3.04 and a beta of 0.87.
Motorola Solutions Announces Dividend
The company also recently announced 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 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays boosted their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Zacks Research raised shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $530.00 price objective on shares of Motorola Solutions in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $504.67.
Get Our Latest Stock 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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