Massachusetts Financial Services Co. MA lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,403 shares of the communications equipment provider’s stock after selling 268 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Motorola Solutions were worth $278,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. Range Financial Group LLC boosted its position in Motorola Solutions by 2.0% during the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 28 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Motorola Solutions by 2.5% during the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after purchasing an additional 30 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Motorola Solutions by 1.0% during the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after purchasing an additional 30 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in Motorola Solutions by 2.3% during the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Up 0.3 %
Shares of NYSE:MSI opened at $443.24 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98. The stock has a market cap of $73.93 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 3.80 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The business has a 50-day moving average price of $414.82 and a 200-day moving average price of $378.52.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.
Wall Street Analysts Forecast Growth
MSI has been the subject of several recent analyst reports. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Bank of America raised their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average price target of $466.17.
Get Our Latest Stock Report on MSI
Insider Activity at Motorola Solutions
In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.
About Motorola Solutions
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
Further Reading
- Five stocks we like better than Motorola Solutions
- How to Calculate Return on Investment (ROI)
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- What is the S&P 500 and How It is Distinct from Other Indexes
- 5 Oversold Stocks to Buy Right Now
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.