National Pension Service grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 464,753 shares of the communications equipment provider’s stock after purchasing an additional 8,389 shares during the period. National Pension Service’s holdings in Motorola Solutions were worth $193,007,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in MSI. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Motorola Solutions during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC grew its position in Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Motorola Solutions in the first quarter valued at $27,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at $28,000. Finally, Physician Wealth Advisors Inc. boosted its stake 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 acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Trading Up 0.7%
Motorola Solutions stock opened at $463.28 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $494.85. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. The stock has a market cap of $76.67 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.75 and a beta of 0.88. The company’s fifty day simple moving average is $448.80 and its 200-day simple moving average is $437.26.
Motorola Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. Motorola Solutions’s payout ratio is presently 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 that occurred on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the sale, the senior vice president directly owned 1,282 shares in the company, valued at $611,462.72. The trade was a 43.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Brown sold 14,220 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the completion of the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. This represents a 17.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.28% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Evercore reaffirmed an “outperform” rating and set a $550.00 target price on shares of Motorola Solutions in a research report on Wednesday, August 26th. Barclays boosted their price objective on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $525.00 to $545.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Truist Financial raised their target price on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, UBS Group lifted their target price on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $519.44.
Check Out Our Latest Report on MSI
About Motorola Solutions
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
Featured Articles
- Five stocks we like better than Motorola Solutions
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
