Stratos Wealth Partners Increases Stake in Motorola Solutions by 13.1%

Stratos Wealth Partners LTD. has expanded its investment in Motorola Solutions, Inc. (NYSE: MSI) by acquiring an additional 1,415 shares, resulting in a total ownership of 12,209 shares. This increase, representing a growth of 13.1%, was disclosed in the firm’s latest 13F filing with the Securities and Exchange Commission. As of the report, Stratos Wealth Partners’ holdings in Motorola Solutions were valued at approximately $5.13 million.

This move comes as several other prominent investors have also adjusted their positions in Motorola Solutions. For instance, Private Trust Co. NA raised its stake by 9.0%, now holding 557 shares valued at $234,000 following the acquisition of 46 additional shares. Similarly, Angeles Wealth Management LLC increased its holdings by 2.4%, bringing its total to 2,377 shares worth $999,000 after acquiring 55 shares.

Other notable changes include Applied Finance Capital Management LLC, which lifted its position by 6.5%, now owning 2,139 shares valued at $899,000, and Sage Private Wealth Group LLC, which boosted its stake by 23.2% to 2,436 shares valued at $1.02 million. Additionally, Nordea Investment Management AB increased its holdings by 1.4% to 143,319 shares, valued at approximately $59.90 million. Collectively, hedge funds and institutional investors own 84.17% of Motorola Solutions stock.

Motorola Solutions Stock Performance

As of the latest trading session, shares of Motorola Solutions opened at $445.45, reflecting a 1.9% increase. Over the past year, the stock has fluctuated, reaching a low of $388.90 and a high of $507.82. Currently, the company has a market capitalization of $74.21 billion, with a price-to-earnings ratio of 35.87 and a debt-to-equity ratio of 3.86. The recent performance metrics include a current ratio of 1.73 and a quick ratio of 1.54.

Motorola Solutions also announced a quarterly dividend of $0.0109 per share, which was paid on October 15, 2023. Shareholders of record on September 15, 2023 received this dividend, marking an annualized dividend yield of 0.0%. The company maintains a dividend payout ratio of 35.10%.

Analyst Ratings and Insider Activity

Recent analyst reports on Motorola Solutions have shown a mix of optimistic and cautious perspectives. Barclays adjusted its price target on the stock from $511.00 to $509.00 while maintaining an “overweight” rating. In contrast, Piper Sandler initiated coverage with a “neutral” rating and a price target of $495.00. Conversely, Evercore ISI raised its price target from $500.00 to $525.00, reflecting a positive outlook.

Currently, the consensus rating for Motorola Solutions is classified as “Moderate Buy,” with a target price of $513.78. Nine analysts have assigned a Buy rating, while three have issued Hold ratings.

In insider trading news, Rajan Naik, Senior Vice President, sold 8,014 shares on September 3, 2023, at an average price of $474.45, totaling approximately $3.80 million. This transaction resulted in a 43.89% reduction in his ownership of the stock. Another Senior Vice President, James A. Niewiara, sold 1,700 shares on September 11, 2023, at an average price of $485.43, representing a 10.47% decrease in his stake.

Motorola Solutions continues to strengthen its position in the public safety and enterprise security sectors, providing critical solutions across multiple regions, including the United States, the United Kingdom, and Canada. As the company navigates market dynamics, investor interest remains strong, reflecting confidence in its future growth potential.