ProShare Advisors LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,821 shares of the communications equipment provider’s stock after purchasing an additional 4,088 shares during the period. ProShare Advisors LLC’s holdings in Motorola Solutions were worth $22,209,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in MSI. Obermeyer Wealth Partners grew its holdings in Motorola Solutions by 261.0% in the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after purchasing an additional 5,837 shares during the last quarter. Machina Capital S.A.S. boosted its position in shares of Motorola Solutions by 345.3% in the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after buying an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Motorola Solutions in the 2nd quarter worth about $257,000. Aware Super Pty Ltd as trustee of Aware Super grew its stake in Motorola Solutions by 101.5% in the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after acquiring an additional 35,374 shares during the last quarter. Finally, Rockline Wealth Management LLC purchased a new position in Motorola Solutions during the 2nd quarter valued at about $333,000. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Motorola Solutions stock opened at $391.91 on Wednesday. The stock has a fifty day moving average price of $449.35 and a 200 day moving average price of $436.19. Motorola Solutions, Inc. has a 52 week low of $387.77 and a 52 week high of $503.62. The firm has a market capitalization of $65.27 billion, a P/E ratio of 31.55, a PEG ratio of 3.46 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.
Motorola Solutions Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a dividend of $0.0109 per share. The ex-dividend date was Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.0%. Motorola Solutions’s dividend payout ratio is currently 34.99%.
Insider Transactions at Motorola Solutions
In other news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at $7,059,123.06. The trade was a 10.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total value of $3,802,242.30. Following the sale, the senior vice president owned 10,244 shares of the company’s stock, valued at $4,860,265.80. The trade was a 43.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 248,493 shares of company stock valued at $116,848,278. Insiders own 1.44% of the company’s stock.
Wall Street Analysts Forecast Growth
MSI has been the topic of several recent research reports. Evercore ISI upped their price target on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Barclays dropped their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. UBS Group boosted their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $506.43.
Check Out Our Latest Stock Report on Motorola Solutions
About Motorola Solutions
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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