Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 21.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,485 shares of the communications equipment provider’s stock after purchasing an additional 3,626 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Motorola Solutions were worth $8,890,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Motorola Solutions in the fourth quarter worth about $27,000. Strategic Advocates LLC acquired a new stake in Motorola Solutions in the 3rd quarter worth about $28,000. MidAtlantic Capital Management Inc. purchased a new stake in Motorola Solutions during the 4th quarter worth approximately $28,000. Physician Wealth Advisors Inc. lifted its position in shares of Motorola Solutions by 540.0% in the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 54 shares in the last quarter. Finally, Orion Capital Management LLC boosted its stake in shares of Motorola Solutions by 46.3% in 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. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Up 0.9%
Shares of NYSE:MSI opened at $422.76 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a market capitalization of $70.18 billion, a PE ratio of 34.07, a P/E/G ratio of 2.92 and a beta of 0.88. The firm has a 50 day simple moving average of $411.01 and a 200-day simple moving average of $420.38.
Motorola Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be paid a $1.21 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. Motorola Solutions’s payout ratio is currently 39.00%.
Analysts Set New Price Targets
Several analysts recently commented on MSI shares. Raymond James Financial reiterated an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report 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 lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Truist Financial dropped their price objective 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. Finally, Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and an average price target of $504.67.
Read Our Latest Stock Report on MSI
Motorola Solutions Company 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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