Sapient Capital LLC decreased its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 95.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 778 shares of the communications equipment provider’s stock after selling 17,209 shares during the period. Sapient Capital LLC’s holdings in Motorola Solutions were worth $339,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after purchasing an additional 31,744 shares in the last quarter. Norges Bank purchased a new stake in Motorola Solutions in the 4th quarter valued at approximately $942,542,000. Aristotle Capital Management LLC purchased a new stake in Motorola Solutions in the 1st quarter valued at approximately $983,432,000. Morgan Stanley increased its position in Motorola Solutions by 2.0% during the 4th quarter. Morgan Stanley now owns 1,754,052 shares of the communications equipment provider’s stock worth $672,364,000 after purchasing an additional 34,715 shares during the period. Finally, Amundi increased its position in Motorola Solutions by 1.9% during the 1st quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after purchasing an additional 30,264 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
Motorola Solutions stock opened at $443.40 on Wednesday. The firm has a market capitalization of $73.60 billion, a PE ratio of 35.73, a P/E/G ratio of 3.04 and a beta of 0.87. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The firm’s 50-day simple moving average is $413.87 and its 200 day simple moving average is $427.30. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were given a $1.21 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on MSI shares. Truist Financial cut their target price on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Evercore restated an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a report on Friday, May 8th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Barclays raised their target price on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $504.67.
Motorola Solutions Profile
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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