Federated Hermes Inc. Acquires 2,039 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Federated Hermes Inc. raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 136,702 shares of the communications equipment provider’s stock after buying an additional 2,039 shares during the period. Federated Hermes Inc.’s holdings in Motorola Solutions were worth $63,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of Motorola Solutions in the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new stake in Motorola Solutions in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new stake in Motorola Solutions in the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in shares of Motorola Solutions during the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $32,000. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MSI. Barclays dropped their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Morgan Stanley lifted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Price Performance

Shares of MSI opened at $401.91 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The stock has a market capitalization of $67.10 billion, a P/E ratio of 43.59, a P/E/G ratio of 3.82 and a beta of 0.94. The company has a 50 day moving average of $439.25 and a 200-day moving average of $459.26.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.08%. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.29%.

About Motorola Solutions

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.