Zions Bancorporation National Association UT decreased its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 6,699 shares of the communications equipment provider’s stock after selling 273 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Motorola Solutions were worth $2,817,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MSI. IFC Advisors LLC lifted its position in shares of Motorola Solutions by 0.6% in the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after acquiring an additional 25 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Motorola Solutions by 3.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock worth $295,000 after purchasing an additional 25 shares in the last quarter. Trust Point Inc. raised its stake in Motorola Solutions by 3.9% in the 2nd quarter. Trust Point Inc. now owns 692 shares of the communications equipment provider’s stock valued at $291,000 after purchasing an additional 26 shares during the last quarter. Hemington Wealth Management lifted its holdings in Motorola Solutions by 17.1% in the 1st quarter. Hemington Wealth Management now owns 185 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 27 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in Motorola Solutions by 5.1% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 557 shares of the communications equipment provider’s stock worth $234,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $391.44 on Monday. Motorola Solutions, Inc. has a 12 month low of $387.77 and a 12 month high of $507.82. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company has a market cap of $65.20 billion, a P/E ratio of 31.52, a PEG ratio of 3.46 and a beta of 0.96. The firm has a fifty day moving average price of $452.66 and a 200 day moving average price of $436.70.
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 given a dividend of $0.0109 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.0%. Motorola Solutions’s payout ratio is 34.99%.
Insider Transactions at Motorola Solutions
In related news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction on 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 sale, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the transaction, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. The trade was a 51.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 248,493 shares of company stock worth $116,848,278 in the last three months. Corporate insiders own 1.44% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. 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. Evercore ISI increased their price target on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Barclays cut their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price objective on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $506.43.
Check Out Our Latest Report on MSI
Motorola Solutions Company Profile
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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