NorthRock Partners LLC reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,136 shares of the communications equipment provider’s stock after selling 228 shares during the quarter. NorthRock Partners LLC’s holdings in Motorola Solutions were worth $1,322,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Motorola Solutions by 1.5% during 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 during the last quarter. Raymond James Financial Inc. raised its holdings in Motorola Solutions by 2.0% during the 1st quarter. Raymond James Financial Inc. now owns 3,374,532 shares of the communications equipment provider’s stock worth $1,477,404,000 after purchasing an additional 66,766 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Motorola Solutions by 1.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,921,004 shares of the communications equipment provider’s stock worth $1,278,845,000 after purchasing an additional 47,368 shares during the last quarter. Invesco Ltd. raised its holdings in Motorola Solutions by 2.6% during the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider’s stock worth $894,846,000 after purchasing an additional 50,891 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Motorola Solutions by 5.4% during the 1st quarter. Northern Trust Corp now owns 1,969,450 shares of the communications equipment provider’s stock worth $862,245,000 after purchasing an additional 100,891 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
NYSE MSI opened at $456.01 on Tuesday. The company has a fifty day simple moving average of $464.91 and a 200 day simple moving average of $435.49. Motorola Solutions, Inc. has a 12-month low of $388.90 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 $75.97 billion, a P/E ratio of 36.72, a PEG ratio of 3.65 and a beta of 0.97.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $0.0109 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 35.10%.
Analysts Set New Price Targets
Several research analysts have issued reports on MSI shares. Wolfe Research started coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a “peer perform” rating for the company. Evercore ISI raised their price target 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. Piper Sandler began coverage on shares of Motorola Solutions in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price objective for the company. UBS Group lifted their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Barclays lowered their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $513.78.
Read Our Latest Stock Analysis on Motorola Solutions
Insider Activity
In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of Motorola Solutions 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 transaction, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at $27,432,080.64. The trade was a 38.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president directly owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 248,493 shares of company stock valued at $116,848,278 over the last quarter. 1.44% of the stock is owned by insiders.
Motorola Solutions 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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