Greenwood Capital Associates LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 45.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,993 shares of the communications equipment provider’s stock after purchasing an additional 6,920 shares during the quarter. Motorola Solutions comprises approximately 0.9% of Greenwood Capital Associates LLC’s portfolio, making the stock its 24th largest holding. Greenwood Capital Associates LLC’s holdings in Motorola Solutions were worth $9,133,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC boosted its holdings in Motorola Solutions by 1,966.7% in the 1st quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $28,000. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Motorola Solutions by 540.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 54 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $486.43 on Friday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. The firm has a market cap of $80.50 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.90 and a beta of 0.87. The firm’s 50 day moving average price is $436.90 and its 200-day moving average price is $435.71. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $493.57.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is 38.11%.
Insider Buying and Selling
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 value of $478,867.84. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.28% of the stock is owned by company insiders.
Analysts Set New Price Targets
MSI has been the topic of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $476.00 target price on shares of Motorola Solutions in a research note on Thursday, August 6th. Barclays lifted their target price on Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. UBS Group upped their price target on Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $519.44.
Check Out Our Latest 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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