NorthCrest Asset Manangement LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,565 shares of the communications equipment provider’s stock after acquiring an additional 201 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Motorola Solutions were worth $4,913,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC grew its position in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 45 shares during the period. Saudi Central Bank bought a new position in Motorola Solutions in the 1st quarter worth approximately $29,000. Community Bank N.A. bought a new position in Motorola Solutions in the 1st quarter worth approximately $32,000. Fourth Dimension Wealth LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $34,000. Finally, Fort Vancouver Investment Management LLC bought a new position in Motorola Solutions in the 1st quarter worth approximately $37,000. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Performance
NYSE MSI opened at $474.38 on Friday. Motorola Solutions, Inc. has a 1 year low of $388.90 and a 1 year high of $507.82. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The stock has a market capitalization of $79.03 billion, a PE ratio of 38.19, a P/E/G ratio of 3.82 and a beta of 0.96. The company’s 50 day simple moving average is $453.46 and its two-hundred day simple moving average is $431.09.
Motorola Solutions Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.0109 per share. The ex-dividend date is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is 35.10%.
Analyst Upgrades and Downgrades
Several research firms recently commented on MSI. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wolfe Research began coverage on shares of Motorola Solutions in a report on Monday, July 7th. They issued a “peer perform” rating for the company. Barclays cut their price objective 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. Evercore ISI raised their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $516.13.
Read Our Latest Report on Motorola Solutions
Insider Activity at Motorola Solutions
In other news, COO John P. Molloy sold 37,514 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the sale, the chief operating officer owned 59,328 shares in the company, valued at approximately $27,432,080.64. This trade represents a 38.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Rajan Naik sold 8,014 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the sale, the senior vice president owned 10,244 shares in the company, valued at approximately $4,860,265.80. This trade represents a 43.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 248,493 shares of company stock worth $116,848,278. Corporate insiders own 1.44% of the company’s stock.
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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