MidFirst Bank acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,112 shares of the communications equipment provider’s stock, valued at approximately $810,000.
Other large investors have also recently bought and sold shares of the company. Strategic Advocates LLC acquired a new stake in Motorola Solutions in the third quarter valued at about $28,000. MidAtlantic Capital Management Inc. acquired a new position in Motorola Solutions during the fourth quarter worth about $28,000. Orion Capital Management LLC raised its stake in 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 in the last quarter. JPL Wealth Management LLC bought a new position in shares of Motorola Solutions in the third quarter worth about $31,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Motorola Solutions by 45.8% in 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 currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
NYSE:MSI opened at $395.88 on Friday. The stock’s 50-day moving average is $417.39 and its 200-day moving average is $417.87. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. The stock has a market cap of $65.72 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.89.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on MSI shares. Piper Sandler lifted their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Truist Financial dropped their price objective on shares of Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $504.67.
Read Our Latest Research Report on MSI
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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