Great Lakes Advisors LLC purchased a new position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,427 shares of the communications equipment provider’s stock, valued at approximately $5,161,000.
Several other institutional investors have also recently made changes to their positions in MSI. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Motorola Solutions during the first quarter worth about $1,052,000. Crestmont Private Wealth LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $1,907,000. Janney Montgomery Scott LLC boosted its stake in Motorola Solutions by 11.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock worth $27,744,000 after purchasing an additional 6,564 shares during the period. Hsbc Holdings PLC grew its holdings in Motorola Solutions by 12.9% during the 4th quarter. Hsbc Holdings PLC now owns 591,086 shares of the communications equipment provider’s stock valued at $226,642,000 after buying an additional 67,467 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Motorola Solutions by 15.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 706,588 shares of the communications equipment provider’s stock valued at $270,849,000 after buying an additional 96,751 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 2.3%
Shares of MSI opened at $480.49 on Thursday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The stock has a market capitalization of $79.52 billion, a price-to-earnings ratio of 37.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $493.57. The business’s 50 day simple moving average is $425.90 and its 200-day simple moving average is $432.37.
Motorola Solutions Dividend Announcement
The firm also recently disclosed 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. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.11%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on MSI. Zacks Research raised shares of Motorola Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. UBS Group raised their target price on shares of Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Two 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, Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $516.67.
Read Our Latest Stock Analysis on MSI
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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