Riverbridge Partners LLC lowered its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,385 shares of the communications equipment provider’s stock after selling 966 shares during the quarter. Riverbridge Partners LLC’s holdings in Motorola Solutions were worth $33,799,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MSI. Nuveen LLC purchased a new stake in Motorola Solutions in the 1st quarter worth $650,426,000. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 1,081,984 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 321,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in 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 purchasing an additional 280,145 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Motorola Solutions by 49.1% in the 1st quarter. Hsbc Holdings PLC now owns 746,011 shares of the communications equipment provider’s stock worth $325,558,000 after purchasing an additional 245,739 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of NYSE:MSI opened at $455.44 on Thursday. The company has a market capitalization of $75.88 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 3.76 and a beta of 0.96. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The firm’s 50-day moving average is $457.82 and its 200 day moving average is $432.32. 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 Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.0109 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Monday, September 15th. Motorola Solutions’s dividend payout ratio is presently 35.10%.
Analysts Set New Price Targets
MSI has been the topic of several research analyst reports. Evercore ISI boosted their price target on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Wolfe Research began coverage on shares of Motorola Solutions in a report on Monday, July 7th. They issued a “peer perform” rating on the stock. UBS Group boosted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. William Blair restated an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays reduced their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $513.78.
Check Out Our Latest Stock Analysis on Motorola Solutions
Insider Activity
In related news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the transaction, the senior vice president directly owned 14,542 shares in the company, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 82,765 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $463.05, for a total transaction of $38,324,333.25. Following the completion of the transaction, the chief executive officer owned 57,836 shares in the company, valued at $26,780,959.80. This represents a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by company insiders.
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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