ING Groep NV raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 72.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,825 shares of the communications equipment provider’s stock after acquiring an additional 47,387 shares during the quarter. ING Groep NV owned approximately 0.07% of Motorola Solutions worth $43,248,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in Motorola Solutions in the third quarter worth approximately $28,000. MidAtlantic Capital Management Inc. bought a new position in shares of Motorola Solutions during the fourth quarter worth $28,000. Orion Capital Management LLC boosted its position in shares of Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 25 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Motorola Solutions during the third quarter worth $31,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 27 shares during the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Stock Performance
MSI stock opened at $410.54 on Friday. The business has a 50-day moving average price of $423.90 and a 200 day moving average price of $415.35. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $68.15 billion, a P/E ratio of 33.08, a PEG ratio of 2.86 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is 39.00%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on MSI. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 target price on shares of Motorola Solutions in a research note on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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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