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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,040 shares of the communications equipment provider’s stock after purchasing an additional 11,002 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.06% of Motorola Solutions worth $24,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Wedmont Private Capital acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at about $263,000. Texas Permanent School Fund boosted its position in Motorola Solutions by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 22,097 shares of the communications equipment provider’s stock worth $4,632,000 after purchasing an additional 190 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Motorola Solutions by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,034 shares of the communications equipment provider’s stock worth $4,487,000 after purchasing an additional 393 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Motorola Solutions by 17.2% during the 3rd quarter. AE Wealth Management LLC now owns 11,961 shares of the communications equipment provider’s stock worth $2,679,000 after purchasing an additional 1,753 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in shares of Motorola Solutions by 4.0% during the 2nd quarter. Global Retirement Partners LLC now owns 2,767 shares of the communications equipment provider’s stock valued at $580,000 after purchasing an additional 107 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
NYSE:MSI opened at $266.01 on Friday. The stock has a market capitalization of $44.48 billion, a PE ratio of 39.12, a P/E/G ratio of 2.93 and a beta of 0.93. Motorola Solutions, Inc. has a fifty-two week low of $195.18 and a fifty-two week high of $275.16. The company has a fifty day moving average of $260.98 and a two-hundred day moving average of $243.74.
Motorola Solutions (NYSE:MSI – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The communications equipment provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.15. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 533.01%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm earned $2.19 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts forecast that Motorola Solutions, Inc. will post 9.23 earnings per share for the current year.
Motorola Solutions Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 15th were paid a $0.88 dividend. The ex-dividend date was Wednesday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.79. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. Motorola Solutions’s payout ratio is currently 51.76%.
Insider Activity at Motorola Solutions
In other Motorola Solutions news, SVP Cynthia Yazdi sold 135 shares of Motorola Solutions stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $258.97, for a total transaction of $34,960.95. Following the sale, the senior vice president now owns 4,510 shares of the company’s stock, valued at approximately $1,167,954.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Mark S. Hacker sold 7,914 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $254.55, for a total value of $2,014,508.70. Following the completion of the sale, the executive vice president now owns 5,180 shares of the company’s stock, valued at $1,318,569. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Cynthia Yazdi sold 135 shares of Motorola Solutions stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $258.97, for a total value of $34,960.95. Following the transaction, the senior vice president now owns 4,510 shares in the company, valued at approximately $1,167,954.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,423 shares of company stock valued at $33,688,438. 1.85% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
MSI has been the topic of several analyst reports. StockNews.com assumed coverage on shares of Motorola Solutions in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Credit Suisse Group cut Motorola Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $300.00 to $270.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $286.00.
Motorola Solutions Profile
(Get Rating)
Motorola Solutions, Inc provides mission critical communications and analytics 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.
Read More
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