Allspring Global Investments Holdings LLC boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,751 shares of the communications equipment provider’s stock after purchasing an additional 1,361 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.13% of Motorola Solutions worth $95,835,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Motorola Solutions in the 4th quarter valued at $27,000. Whipplewood Advisors LLC increased its position in shares of Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Motorola Solutions during the fourth quarter worth approximately $28,000. Physician Wealth Advisors Inc. raised its stake in Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. Finally, Orion Capital Management LLC lifted its stake in Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 25 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Trading Down 0.2%
NYSE MSI opened at $413.26 on Friday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The firm has a 50 day moving average of $407.97 and a two-hundred day moving average of $423.52. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $68.60 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 17th were given 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 of this dividend was Wednesday, June 17th. Motorola Solutions’s dividend payout ratio (DPR) is 39.00%.
Analyst Ratings Changes
A number of research firms have recently issued reports on MSI. Truist Financial dropped their price target on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. Piper Sandler upped their target price on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Barclays lifted their price target on Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $504.67.
Get Our Latest Report on Motorola Solutions
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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