Vanguard Group Inc. Buys 321,280 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Vanguard Group Inc. has increased its stake in Motorola Solutions, owning 21,501,114 shares valued at over $9.4 billion after purchasing an additional 321,280 shares in Q1 2023.
• Motorola Solutions announced a quarterly dividend of $1.09 per share, representing a 1.0% dividend yield and a payout ratio of 36.39%.
• Analysts have varied opinions on Motorola Solutions, with target prices ranging from $490.00 to $570.00 and a consensus rating of "Moderate Buy."

Vanguard Group Inc. lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,501,114 shares of the communications equipment provider's stock after purchasing an additional 321,280 shares during the quarter. Vanguard Group Inc. owned 12.88% of Motorola Solutions worth $9,413,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSI. ORG Wealth Partners LLC grew its position in Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after buying an additional 45 shares in the last quarter. Community Bank N.A. purchased a new position in Motorola Solutions during the first quarter worth about $32,000. Fourth Dimension Wealth LLC purchased a new position in Motorola Solutions during the fourth quarter worth about $34,000. Fort Vancouver Investment Management LLC purchased a new position in Motorola Solutions during the first quarter worth about $37,000. Finally, Alpine Bank Wealth Management purchased a new position in Motorola Solutions during the first quarter worth about $40,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Down 1.2%

NYSE MSI opened at $434.77 on Wednesday. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The stock has a 50-day moving average of $419.42 and a 200-day moving average of $428.04. The firm has a market cap of $72.57 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analyst Ratings Changes

Several equities analysts recently commented on MSI shares. JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wolfe Research started coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. UBS Group started coverage on Motorola Solutions in a research report on Wednesday, July 16th. They set a "buy" rating and a $490.00 target price for the company. Barclays reduced their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.44% of the stock is owned by insiders.

Motorola Solutions Profile

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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