Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 0.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 20,391 shares of the communications equipment provider’s stock after acquiring an additional 103 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Motorola Solutions were worth $9,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC lifted its position in shares of Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth $29,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Motorola Solutions during the first quarter worth $28,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America upped their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays upped their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group upped their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $466.17.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $475.20 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $480.28. The firm has a 50-day moving average of $442.98 and a 200-day moving average of $396.66. The firm has a market cap of $79.26 billion, a P/E ratio of 58.74, a P/E/G ratio of 4.07 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the business posted $2.41 earnings per share. Motorola Solutions’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is 48.45%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.