Katamaran Capital LLP Sells 6,902 Shares of Motorola Solutions, Inc. $MSI

Katamaran Capital LLP lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 68.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,180 shares of the communications equipment provider’s stock after selling 6,902 shares during the quarter. Motorola Solutions makes up about 1.3% of Katamaran Capital LLP’s investment portfolio, making the stock its 25th largest holding. Katamaran Capital LLP’s holdings in Motorola Solutions were worth $1,454,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MSI. Prospera Financial Services Inc grew its stake in Motorola Solutions by 36.1% during the 3rd quarter. Prospera Financial Services Inc now owns 938 shares of the communications equipment provider’s stock valued at $430,000 after purchasing an additional 249 shares during the last quarter. ProShare Advisors LLC boosted its stake in Motorola Solutions by 3.5% in the third quarter. ProShare Advisors LLC now owns 54,667 shares of the communications equipment provider’s stock valued at $24,999,000 after acquiring an additional 1,846 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Motorola Solutions by 1.8% during the third quarter. Linden Thomas Advisory Services LLC now owns 4,190 shares of the communications equipment provider’s stock worth $1,916,000 after purchasing an additional 74 shares during the period. Lantz Financial LLC boosted its position in shares of Motorola Solutions by 20.6% during the 3rd quarter. Lantz Financial LLC now owns 1,224 shares of the communications equipment provider’s stock worth $560,000 after purchasing an additional 209 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC lifted its stake in shares of Motorola Solutions by 14.3% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,136 shares of the communications equipment provider’s stock worth $979,000 after purchasing an additional 267 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of research reports. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Monday, December 1st. Finally, Barclays decreased their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $491.86.

Motorola Solutions Stock Up 0.1%

Shares of MSI opened at $422.68 on Tuesday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a market capitalization of $70.40 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 3.15 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The stock’s 50-day moving average price is $386.86 and its 200-day moving average price is $420.93.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

About Motorola Solutions

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.