Meiji Yasuda Asset Management Co Ltd. Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the communications equipment provider’s stock after buying an additional 215 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Motorola Solutions were worth $2,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MSI. State Board of Administration of Florida Retirement System lifted its stake in shares of Motorola Solutions by 8.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Motorola Solutions by 15.6% in the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after buying an additional 3,278 shares in the last quarter. First Foundation Advisors grew its position in shares of Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after buying an additional 97 shares during the last quarter. BDF Gestion purchased a new stake in Motorola Solutions during the second quarter valued at approximately $7,377,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after acquiring an additional 4,594 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSI shares. Barclays upped their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company 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 company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus target price of $466.17.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of Motorola Solutions 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 directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Down 0.5 %

MSI stock opened at $436.58 on Thursday. The company has a market capitalization of $72.82 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98. The firm’s fifty day simple moving average is $416.69 and its 200-day simple moving average is $379.65. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $2.41 EPS. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s payout ratio is presently 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.