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

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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. owned about 0.20% of Motorola Solutions worth $153,646,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Citizens Business Bank grew its position in shares of Motorola Solutions by 3.3% during the third quarter. Citizens Business Bank now owns 13,190 shares of the communications equipment provider’s stock worth $6,032,000 after acquiring an additional 427 shares during the last quarter. Second Half Financial Partners LLC boosted its stake in Motorola Solutions by 10.0% during the 3rd quarter. Second Half Financial Partners LLC now owns 939 shares of the communications equipment provider’s stock valued at $429,000 after purchasing an additional 85 shares during the period. Intech Investment Management LLC grew its position in Motorola Solutions by 69.1% in the 3rd quarter. Intech Investment Management LLC now owns 45,101 shares of the communications equipment provider’s stock worth $20,624,000 after purchasing an additional 18,426 shares during the last quarter. MAI Capital Management increased its stake in shares of Motorola Solutions by 122.0% in the third quarter. MAI Capital Management now owns 4,353 shares of the communications equipment provider’s stock valued at $1,991,000 after purchasing an additional 2,392 shares during the period. Finally, Jag Capital Management LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $11,816,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSI. Piper Sandler reissued an “overweight” rating and issued a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Weiss Ratings lowered Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $497.14.

Insider Buying and Selling at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. The trade was a 51.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

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

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

Motorola Solutions Announces Dividend

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

Motorola Solutions Company 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.