Prudential PLC cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 81.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,628 shares of the communications equipment provider’s stock after selling 63,188 shares during the quarter. Prudential PLC’s holdings in Motorola Solutions were worth $5,607,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors grew its position in Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after buying an additional 490,354 shares during the period. Varma Mutual Pension Insurance Co lifted its position in shares of Motorola Solutions by 8.4% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock valued at $13,582,000 after acquiring an additional 2,300 shares during the period. Barden Capital Management Inc. acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at approximately $1,462,000. Alps Advisors Inc. lifted its position in shares of Motorola Solutions by 180.3% during the 3rd quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock valued at $9,100,000 after acquiring an additional 12,799 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in shares of Motorola Solutions by 28.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 15,802 shares of the communications equipment provider’s stock valued at $7,226,000 after acquiring an additional 3,459 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of Motorola Solutions stock opened at $410.54 on Friday. The firm has a market cap of $68.15 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89. The firm’s 50-day simple moving average is $423.90 and its 200-day simple moving average is $415.35. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is 39.00%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on MSI. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Raymond James Financial reissued an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a research note on Friday, May 8th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $504.67.
View Our Latest Stock Report on MSI
Motorola Solutions 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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