Thrivent Financial for Lutherans has boosted its holdings in Motorola Solutions, Inc. (NYSE: MSI) by 14.4% during the third quarter, according to its latest 13F filing with the Securities and Exchange Commission. As a result, the fund now owns 78,986 shares in the communications technology giant, with a market value of approximately $36.12 million. This increase follows a purchase of 9,914 additional shares during the period, underscoring Thrivent Financial’s growing confidence in the company's future prospects.
This shift is part of a broader trend, with several other institutional investors also adjusting their positions in Motorola Solutions. Independent Advisor Alliance, for example, increased its stake by 12.0%, now holding 2,121 shares valued at around $970,000. Keybank National Association also grew its position by 9.0%, bringing its total to 6,625 shares worth $3.03 million after purchasing 548 additional shares. Howard Capital Management raised its holding by 2.7%, bringing the total number of shares it owns to 1,198, valued at $548,000.
Berman McAleer LLC took a different approach by acquiring a brand-new stake valued at about $2.87 million, while National Pension Service upped its holdings by 2.3%, now owning 412,344 shares worth roughly $188.56 million. Institutional investors and hedge funds now collectively own an overwhelming 84.17% of Motorola Solutions’ outstanding shares.
In addition to the increase in shareholding, Motorola Solutions has been receiving attention from analysts. Recently, Weiss Ratings upgraded its assessment of the company from a "hold (C+)" to a "buy (B-)", signaling growing optimism about its performance. Northcoast Research also upgraded the stock from a "neutral" to a "buy", with a target price set at $450.00. Meanwhile, Barclays revised its price target downward from $509.00 to $495.00, although it maintained an "overweight" rating. Analysts from Piper Sandler similarly upgraded their stance from "neutral" to "overweight", lowering their price target slightly to $443.00.
Overall, the company has earned a "Moderate Buy" consensus rating from 8 analysts, with a price target averaging $491.86. Despite some analysts trimming their price targets, the sentiment remains largely positive as the company continues to demonstrate resilience in its market.
Motorola Solutions’ stock opened at $404.23 per share on the latest trading day, reflecting a market capitalization of $67.32 billion. The stock has fluctuated within a 1-year range of $359.36 to $492.22, with a current P/E ratio of 32.44. The company’s dividend strategy also garnered attention recently, with Motorola Solutions announcing a quarterly dividend of $1.21 per share, significantly up from its previous $0.01 payout. This change represents an annualized dividend of $4.84, yielding 1.2%. The dividend payout ratio (DPR) currently stands at 38.84%.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communications and analytics solutions tailored for public safety and commercial customers. The company designs, manufactures, and supports a broad range of communications equipment and software that enable first responders, government agencies, and enterprises to operate efficiently in high-pressure environments. Their product portfolio includes land mobile radios (LMRs), both handheld and vehicle-mounted, as well as broadband push-to-talk and LTE-based solutions. Additionally, they offer command-and-control software for incident management, video security, and advanced analytics systems. These products are vital for ensuring secure, reliable communications for organizations that require consistent voice, data, and video connectivity.