Motorola Solutions (NYSE: MSI) has seen significant movement in its stock ownership this quarter, with Osaic Holdings Inc. increasing its position by 18.7%. The company now owns 23,511 shares, after purchasing an additional 3,707 shares during Q2. As of the latest filing, Osaic Holdings' stake in Motorola Solutions is valued at approximately $9.93 million.
Other major investors have also adjusted their positions in the company. Munro Partners entered a new investment worth about $65.37 million, while Thrivent Financial for Lutherans boosted its holdings by 3.7%, acquiring an additional 2,479 shares and bringing its total to 69,072 shares, worth $29.04 million. Other new investors include MASTERINVEST Kapitalanlage GmbH and Stance Capital LLC, with investments of around $1.78 million and $2.60 million, respectively.
Motorola Solutions remains a favorite among institutional investors, with 84.17% of its shares currently held by hedge funds and other large entities. On the analysts' front, various firms have recently adjusted their target prices and ratings for the company. Barclays lowered its price target from $509 to $495 but maintained an "overweight" rating. In contrast, Northcoast Research upgraded Motorola Solutions from "neutral" to "buy," setting a price target of $450. Meanwhile, Piper Sandler reduced its target from $495 to $465.
Stock analysts have mixed views on the company, with six analysts rating it as a "buy" and four assigning it a "hold" rating. Motorola Solutions currently holds an average "Moderate Buy" rating, with an average price target of $495.
The company's stock opened at $369.97, down 1% on the latest trading day. Its market cap stands at $61.62 billion, with a P/E ratio of 29.69 and a 12-month low of $359.36, alongside a high of $492.22. Motorola Solutions continues to perform strongly, posting earnings of $4.06 per share for Q3, beating analysts' estimates by $0.21, and reporting a revenue of $3.01 billion, surpassing expectations of $2.99 billion.
Additionally, the company has announced a quarterly dividend of $1.21 per share, payable on January 15, 2025, representing an annualized dividend of $4.84 per share with a yield of 1.3%.
Motorola Solutions is a leading provider of communications and analytics solutions for public safety and commercial sectors. The company offers a comprehensive range of products, including land mobile radio systems (LMR), vehicle-mounted radios, broadband push-to-talk solutions, and command-and-control center software. These solutions are vital for first responders, government agencies, and enterprises, ensuring secure, reliable communications during high-pressure situations.
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