Ritholtz Wealth Management increased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.7% in the second quarter, Holdings Channel.com reports. The firm owned 5,583 shares of the communications equipment provider’s stock after acquiring an additional 200 shares during the period. Ritholtz Wealth Management’s holdings in Motorola Solutions were worth $2,347,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Motorola Solutions during the 1st quarter valued at $650,426,000. Vanguard Group Inc. raised its holdings in Motorola Solutions by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider’s stock valued at $9,413,403,000 after buying an additional 321,280 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Motorola Solutions by 49.1% during the 1st quarter. Hsbc Holdings PLC now owns 746,011 shares of the communications equipment provider’s stock valued at $325,558,000 after buying an additional 245,739 shares during the last quarter. Congress Asset Management Co. bought a new stake in Motorola Solutions during the 2nd quarter valued at $87,162,000. Finally, Goldman Sachs Group Inc. raised its holdings in Motorola Solutions by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,520,116 shares of the communications equipment provider’s stock valued at $665,522,000 after buying an additional 187,400 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Down 0.4%
Shares of NYSE MSI opened at $437.29 on Friday. 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, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The firm has a market capitalization of $72.85 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 3.51 and a beta of 0.97. The firm has a fifty day simple moving average of $465.18 and a two-hundred day simple moving average of $435.68.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $0.0109 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is presently 35.10%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Piper Sandler assumed coverage on shares of Motorola Solutions in a report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 price target for the company. 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. UBS Group upped their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $513.78.
Get Our Latest Stock Report on Motorola Solutions
Insider Buying and Selling at Motorola Solutions
In related news, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John P. Molloy sold 37,514 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the transaction, the chief operating officer owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 248,493 shares of company stock valued at $116,848,278 in the last quarter. 1.44% of the stock is owned by insiders.
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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