Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 8,240 Shares of Motorola Solutions, Inc. (MSI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 24.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,442 shares of the communications equipment provider’s stock after selling 8,240 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Motorola Solutions were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSI. Sun Life Financial INC raised its stake in shares of Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 1,184 shares during the period. Acrospire Investment Management LLC raised its stake in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after buying an additional 300 shares during the period. Exane Derivatives raised its stake in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the period. Smithfield Trust Co. raised its stake in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 53 shares during the period. Finally, Williams Jones & Associates LLC bought a new position in shares of Motorola Solutions in the second quarter worth about $201,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions, Inc. (NYSE MSI) opened at $91.07 on Friday. The company has a market capitalization of $14,753.34, a P/E ratio of 17.72, a PEG ratio of 4.06 and a beta of 0.33. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. Motorola Solutions, Inc. has a 1-year low of $76.92 and a 1-year high of $94.94.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $1.37 EPS. Motorola Solutions’s revenue was up 7.4% compared to the same quarter last year. research analysts forecast that Motorola Solutions, Inc. will post 5.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a yield of 2.28%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is presently 48.08%.

Several analysts recently issued reports on the company. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and set a $105.00 target price on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Deutsche Bank AG lifted their target price on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Cowen and Company reissued a “market perform” rating and set a $83.00 target price (up previously from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and a consensus price target of $95.08.

In related news, EVP Bruce W. Brda sold 5,916 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

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Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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