Several hedge funds have adjusted their investments in Motorola Solutions (MSI). Skandinaviska Enskilda Banken AB increased its stake by 32.9%, now owning 358,011 shares worth about $138.2 million. Magnolia Capital Advisors bought a new $19.7 million stake, while the Florida Retirement System raised its position by 8.9%, holding 189,360 shares valued at $67.2 million. First Foundation Advisors increased its position by 37.7%, now owning shares worth $126,000. Heritage Wealth Management also acquired a new stake worth $790,000. Overall, institutions own 84.17% of the company.
Insider Trading
COO John P. Molloy sold 23,985 shares at $407.50 each, totaling approximately $9.77 million. After the sale, he holds 46,821 shares valued around $19.08 million, indicating no change in ownership percentage. Insiders own 1.50% of the stock.
Analyst Ratings
Analysts have raised their price targets for MSI shares: Evercore from $450 to $500, Jefferies from $460 to $510, Bank of America from $370 to $440, JPMorgan from $436 to $440, and Deutsche Bank from $385 to $440. Eight analysts rate MSI as a “buy,” with an average target price of $466.17.
Stock Performance
As of Monday, MSI shares opened at $475.20. The stock’s one-year low and high are $271.73 and $480.28, respectively. Recently, MSI reported $3.24 EPS, exceeding expectations of $3.01, with a revenue of $2.63 billion, up 9.4% from last year. Analysts expect 12.22 EPS for the current fiscal year.
Dividend Announcement
The latest quarterly dividend of $0.98 per share was paid on October 15, with a yield of 0.82%. The payout ratio is 48.45%.
About Motorola Solutions
Motorola Solutions, Inc. focuses on public safety and enterprise security solutions worldwide, operating in Products and Systems Integration, and Software and Services segments.
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