Dearborn Partners LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 57,593 shares of the communications equipment provider’s stock, valued at approximately $24,994,000. Motorola Solutions accounts for 1.3% of Dearborn Partners LLC’s holdings, making the stock its 28th largest position.
A number of other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. grew its position in Motorola Solutions by 0.9% in the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock valued at $1,570,096,000 after acquiring an additional 31,744 shares in the last quarter. Norges Bank acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $942,542,000. Aristotle Capital Management LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth about $983,432,000. Morgan Stanley boosted its stake in shares of Motorola Solutions by 2.0% in the fourth quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock valued at $672,364,000 after purchasing an additional 34,715 shares during the period. Finally, Amundi boosted its stake in shares of Motorola Solutions by 1.9% in the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after purchasing an additional 30,264 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Up 0.2%
Shares of Motorola Solutions stock opened at $481.57 on Tuesday. 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 52-week low of $359.36 and a 52-week high of $493.57. The company has a market capitalization of $79.70 billion, a P/E ratio of 37.92, a P/E/G ratio of 2.87 and a beta of 0.87. The company has a 50 day moving average of $429.94 and a 200 day moving average of $433.92.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th will be paid a $1.21 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Insiders Place Their Bets
In other Motorola Solutions news, SVP Kathryn A. Moore sold 1,004 shares of Motorola Solutions stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the completion of the sale, the senior vice president directly owned 1,282 shares of the company’s stock, valued at $611,462.72. The trade was a 43.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.28% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Piper Sandler raised their price target on shares of Motorola Solutions from $503.00 to $530.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. UBS Group boosted their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $516.67.
Get Our Latest Stock 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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