RFG Advisory LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 665 shares of the communications equipment provider’s stock, valued at approximately $307,000.
Other institutional investors also recently added to or reduced their stakes in the company. Lincoln Capital Corp bought a new stake in Motorola Solutions during the fourth quarter worth approximately $202,000. Veracity Capital LLC acquired a new position in shares of Motorola Solutions during the 4th quarter valued at $208,000. Secure Asset Management LLC bought a new stake in shares of Motorola Solutions in the 4th quarter worth $220,000. Red Door Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at $937,000. Finally, Raleigh Capital Management Inc. boosted its stake in Motorola Solutions by 335.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 431 shares of the communications equipment provider’s stock valued at $199,000 after buying an additional 332 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE:MSI opened at $465.59 on Wednesday. The company’s fifty day moving average is $474.49 and its two-hundred day moving average is $451.87. The company has a market cap of $77.81 billion, a P/E ratio of 51.00, a price-to-earnings-growth ratio of 3.47 and a beta of 1.01. Motorola Solutions, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.
Motorola Solutions Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were given a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.94%. Motorola Solutions’s payout ratio is presently 47.75%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Raymond James increased their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Barclays raised their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $504.88.
Read Our Latest Analysis on Motorola Solutions
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.
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