Motorola Solutions, Inc. $MSI Position Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,993 shares of the communications equipment provider’s stock after buying an additional 14,149 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Motorola Solutions were worth $153,646,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MSI. Orion Capital Management LLC acquired a new position in Motorola Solutions in the 3rd quarter worth approximately $25,000. United Community Bank lifted its holdings in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 26 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Motorola Solutions in the third quarter worth $33,000. Field & Main Bank acquired a new stake in shares of Motorola Solutions in the third quarter worth $35,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Motorola Solutions during the third quarter valued at $38,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.0%

Shares of NYSE MSI opened at $471.48 on Friday. The business has a 50 day simple moving average of $408.90 and a 200 day simple moving average of $422.73. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The stock has a market cap of $78.11 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 3.30 and a beta of 1.00. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.04 earnings per share. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be issued a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MSI shares. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Piper Sandler reiterated an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $497.14.

Insider Buying and Selling

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at $22,078,401.03. This represents a 51.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.44% of the stock is owned by insiders.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.