CVA Family Office LLC lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 517 shares of the communications equipment provider’s stock after selling 48 shares during the period. CVA Family Office LLC’s holdings in Motorola Solutions were worth $217,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators grew its stake in Motorola Solutions by 5.4% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider’s stock valued at $206,000 after buying an additional 24 shares during the last quarter. IFC Advisors LLC grew its position in shares of Motorola Solutions by 0.6% in the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after purchasing an additional 25 shares during the last quarter. Trust Point Inc. increased its stake in shares of Motorola Solutions by 3.9% in the second quarter. Trust Point Inc. now owns 692 shares of the communications equipment provider’s stock worth $291,000 after purchasing an additional 26 shares during the period. Hemington Wealth Management lifted its position in shares of Motorola Solutions by 17.1% during the 1st quarter. Hemington Wealth Management now owns 185 shares of the communications equipment provider’s stock worth $80,000 after purchasing an additional 27 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Motorola Solutions by 2.7% during the 1st quarter. D.A. Davidson & CO. now owns 1,079 shares of the communications equipment provider’s stock valued at $473,000 after purchasing an additional 28 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Trading Down 1.2%
Shares of Motorola Solutions stock opened at $439.36 on Friday. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The firm has a market capitalization of $73.20 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.97. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The company’s fifty day moving average price is $463.01 and its two-hundred day moving average price is $437.11.
Motorola Solutions Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a $0.0109 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s dividend payout ratio is currently 35.10%.
Insider Buying and Selling
In related news, CEO Gregory Q. Brown sold 82,765 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $463.05, for a total transaction of $38,324,333.25. Following the completion of the transaction, the chief executive officer owned 57,836 shares in the company, valued at $26,780,959.80. This trade represents a 58.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John P. Molloy sold 37,514 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the sale, the chief operating officer directly owned 59,328 shares in the company, valued at approximately $27,432,080.64. This represents a 38.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on MSI shares. UBS Group upped their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research note on Saturday. Piper Sandler began coverage on shares of Motorola Solutions in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price target for the company. Evercore ISI boosted their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Barclays reduced their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.00.
View Our Latest Report on Motorola Solutions
Motorola Solutions Company Profile
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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