Wedmont Private Capital reduced its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,281 shares of the communications equipment provider’s stock after selling 41 shares during the period. Wedmont Private Capital’s holdings in Motorola Solutions were worth $1,789,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of Motorola Solutions in the 1st quarter worth approximately $650,426,000. GAMMA Investing LLC boosted its holdings in shares of Motorola Solutions by 43,787.3% in the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider’s stock worth $474,785,000 after acquiring an additional 1,081,984 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Motorola Solutions by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider’s stock worth $9,413,403,000 after acquiring an additional 321,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Motorola Solutions by 541.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 331,910 shares of the communications equipment provider’s stock worth $145,312,000 after acquiring an additional 280,145 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Motorola Solutions in the 4th quarter worth approximately $114,812,000. 84.17% of the stock is currently owned by institutional investors.
Motorola Solutions Stock Performance
MSI stock opened at $474.38 on Friday. The business’s fifty day moving average is $453.46 and its 200-day moving average is $431.09. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The company has a market cap of $79.03 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82.
Motorola Solutions Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.0109 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Motorola Solutions’s dividend payout ratio is 35.10%.
Insider Buying and Selling
In other news, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, SVP Rajan Naik sold 8,014 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the transaction, the senior vice president directly 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 quarter, insiders sold 248,493 shares of company stock worth $116,848,278. Company insiders own 1.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MSI. UBS Group boosted their target price on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Wolfe Research began coverage on Motorola Solutions in a report on Monday, July 7th. They set a “peer perform” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays reduced their price objective on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and an average target price of $516.13.
Get Our Latest Analysis on MSI
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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