R Squared Ltd lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 91.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 750 shares of the communications equipment provider’s stock after selling 7,740 shares during the quarter. R Squared Ltd’s holdings in Motorola Solutions were worth $325,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Motorola Solutions in the fourth quarter worth about $27,000. Strategic Advocates LLC bought a new position in shares of Motorola Solutions during the 3rd quarter valued at about $28,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Motorola Solutions in the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. increased its stake in 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 purchasing an additional 54 shares in the last quarter. Finally, Orion Capital Management LLC raised its holdings in Motorola Solutions by 46.3% during the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 25 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Trading Up 0.4%
Shares of Motorola Solutions stock opened at $424.51 on Wednesday. The stock has a market cap of $70.47 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The business’s 50 day moving average is $409.96 and its 200-day moving average is $421.56.
Motorola Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is presently 39.00%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Piper Sandler upped their target price on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. Weiss Ratings downgraded Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Truist Financial dropped their target price on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $504.67.
About Motorola Solutions
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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