IFC Advisors LLC boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,043 shares of the communications equipment provider’s stock after acquiring an additional 25 shares during the quarter. IFC Advisors LLC’s holdings in Motorola Solutions were worth $1,700,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Motorola Solutions by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider’s stock valued at $9,413,403,000 after acquiring an additional 321,280 shares in the last quarter. Raymond James Financial Inc. lifted its position in Motorola Solutions by 2.0% in the 1st quarter. Raymond James Financial Inc. now owns 3,374,532 shares of the communications equipment provider’s stock valued at $1,477,404,000 after acquiring an additional 66,766 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Motorola Solutions by 1.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,921,004 shares of the communications equipment provider’s stock worth $1,278,845,000 after buying an additional 47,368 shares in the last quarter. Invesco Ltd. lifted its position in shares of Motorola Solutions by 2.6% during the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider’s stock worth $894,846,000 after buying an additional 50,891 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Motorola Solutions by 5.4% during the 1st quarter. Northern Trust Corp now owns 1,969,450 shares of the communications equipment provider’s stock worth $862,245,000 after buying an additional 100,891 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 0.1%
Motorola Solutions stock opened at $456.01 on Tuesday. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The firm has a market capitalization of $75.97 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 3.65 and a beta of 0.97. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The firm has a 50 day simple moving average of $464.91 and a 200 day simple moving average of $435.49.
Motorola Solutions Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Monday, September 15th. Motorola Solutions’s payout ratio is currently 35.10%.
Insider Buying and Selling at Motorola Solutions
In related news, CEO Gregory Q. Brown sold 82,765 shares of Motorola Solutions stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $463.05, for a total value of $38,324,333.25. Following the completion of the transaction, the chief executive officer directly owned 57,836 shares in the company, valued at approximately $26,780,959.80. The trade was a 58.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John P. Molloy sold 37,514 shares of Motorola Solutions stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the transaction, the chief operating officer owned 59,328 shares of the company’s stock, valued at $27,432,080.64. This represents a 38.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,493 shares of company stock valued at $116,848,278 over the last 90 days. 1.44% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
MSI has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wolfe Research initiated coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a “peer perform” rating on the stock. Piper Sandler initiated coverage on shares of Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 target price on the stock. UBS Group lifted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Evercore ISI lifted their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $513.78.
Get Our Latest Stock Analysis 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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