Ceredex Value Advisors LLC bought a new position in Motorola Solutions (NYSE:MSI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 602,125 shares of the communications equipment provider’s stock, valued at approximately $63,717,000. Ceredex Value Advisors LLC owned about 0.37% of Motorola Solutions as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Motorola Solutions by 9.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,217,974 shares of the communications equipment provider’s stock worth $200,372,000 after purchasing an additional 193,079 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Motorola Solutions in the 4th quarter worth approximately $4,528,000. Arizona State Retirement System lifted its holdings in Motorola Solutions by 2.9% in the 4th quarter. Arizona State Retirement System now owns 113,002 shares of the communications equipment provider’s stock worth $10,209,000 after purchasing an additional 3,160 shares during the last quarter. Exane Derivatives lifted its holdings in Motorola Solutions by 19.2% in the 4th quarter. Exane Derivatives now owns 25,512 shares of the communications equipment provider’s stock worth $2,304,000 after purchasing an additional 4,117 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in Motorola Solutions in the 4th quarter worth approximately $420,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Shares of NYSE MSI opened at $106.25 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of -3.45. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 2.08 and a beta of 0.34. Motorola Solutions has a 12 month low of $107.53 and a 12 month high of $108.32.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 15th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, June 14th. Motorola Solutions’s dividend payout ratio is currently 40.00%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Thursday, May 10th. Credit Suisse Group assumed coverage on Motorola Solutions in a report on Wednesday, May 9th. They issued an “outperform” rating and a $129.00 target price for the company. BMO Capital Markets boosted their target price on Motorola Solutions from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. Northcoast Research set a $120.00 target price on Motorola Solutions and gave the stock a “buy” rating in a report on Wednesday, April 11th. Finally, BTIG Research assumed coverage on Motorola Solutions in a report on Friday, March 16th. They issued a “buy” rating and a $137.00 target price for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $119.25.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 187,000 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $108.69, for a total value of $20,325,030.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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