Liberty One Investment Management LLC lifted its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,787 shares of the communications equipment provider’s stock after acquiring an additional 4,970 shares during the quarter. Motorola Solutions makes up approximately 2.1% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 19th largest position. Liberty One Investment Management LLC’s holdings in Motorola Solutions were worth $20,738,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bowen Hanes & Co. Inc. increased its position in Motorola Solutions by 4.6% during the first quarter. Bowen Hanes & Co. Inc. now owns 180,185 shares of the communications equipment provider’s stock worth $78,195,000 after buying an additional 7,885 shares during the last quarter. Dickmeyer Boyce Financial Management Inc. acquired a new position in shares of Motorola Solutions during the 1st quarter worth approximately $226,000. Sei Investments Co. raised its holdings in Motorola Solutions by 134.8% in the 1st quarter. Sei Investments Co. now owns 237,239 shares of the communications equipment provider’s stock valued at $102,954,000 after acquiring an additional 136,181 shares in the last quarter. Ascension Capital Advisors Inc. bought a new stake in Motorola Solutions during the first quarter worth about $208,000. Finally, Signature Equity Partners LLC lifted its holdings in shares of Motorola Solutions by 58.7% during the 1st quarter. Signature Equity Partners LLC now owns 430 shares of the communications equipment provider’s stock worth $187,000 after acquiring an additional 159 shares during the period. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $406.96 on Friday. 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, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The stock’s 50 day moving average is $408.92 and its 200-day moving average is $424.53. The firm has a market capitalization of $67.56 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.81 and a beta of 0.88.
Motorola Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Raymond James Financial reiterated an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a report on Friday, May 8th. Weiss Ratings lowered Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Piper Sandler raised their price target on shares of Motorola Solutions from $499.00 to $503.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Truist Financial decreased their price target 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. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $504.67.
Check Out 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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