Groupe la Francaise lessened its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,014 shares of the communications equipment provider’s stock after selling 1,965 shares during the quarter. Groupe la Francaise’s holdings in Motorola Solutions were worth $16,446,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Motorola Solutions during the fourth quarter valued at $27,000. Whipplewood Advisors LLC raised its position in shares of Motorola Solutions by 1,966.7% in the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 59 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the 1st quarter worth about $27,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions during the 4th quarter worth about $28,000. Finally, Physician Wealth Advisors Inc. grew its position in shares of Motorola Solutions by 540.0% during the 1st 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 during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 0.8%
MSI stock opened at $430.82 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 12-month low of $359.36 and a 12-month high of $492.22. The stock has a market cap of $71.52 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 3.02 and a beta of 0.88. The business’s 50-day moving average is $411.94 and its 200 day moving average is $426.24.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio is currently 39.00%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on MSI shares. Truist Financial cut their price target 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. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. 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. Finally, Zacks Research upgraded Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $504.67.
View Our Latest Stock Report on Motorola Solutions
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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