Keybank National Association OH boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 12.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,077 shares of the communications equipment provider’s stock after acquiring an additional 685 shares during the quarter. Keybank National Association OH’s holdings in Motorola Solutions were worth $2,555,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Whalen Wealth Management Inc. acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at about $257,000. Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in shares of Motorola Solutions by 101.5% in the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after buying an additional 35,374 shares during the period. Vest Financial LLC lifted its holdings in shares of Motorola Solutions by 26.9% in the 2nd quarter. Vest Financial LLC now owns 4,490 shares of the communications equipment provider’s stock valued at $1,888,000 after buying an additional 952 shares during the period. Ninety One North America Inc. lifted its holdings in shares of Motorola Solutions by 42.9% in the 2nd quarter. Ninety One North America Inc. now owns 44,915 shares of the communications equipment provider’s stock valued at $18,885,000 after buying an additional 13,475 shares during the period. Finally, Tandem Capital Management Corp ADV acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at about $1,193,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
NYSE:MSI opened at $406.61 on Friday. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The stock has a 50 day moving average of $459.91 and a two-hundred day moving average of $437.55. 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 firm has a market cap of $67.74 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.97.
Motorola Solutions Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a dividend of $0.0109 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s payout ratio is 35.10%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on MSI shares. Evercore ISI lifted their price target on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Wolfe Research started coverage on Motorola Solutions in a research note on Monday, July 7th. They issued a “peer perform” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and issued a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday. Finally, Barclays cut their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday. 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, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $507.50.
View Our Latest Analysis on Motorola Solutions
Insider Transactions at Motorola Solutions
In other news, SVP Rajan Naik sold 8,014 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the sale, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 248,493 shares of company stock valued at $116,848,278 in the last 90 days. Corporate insiders own 1.44% of the company’s stock.
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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