Mitsubishi UFJ Asset Management Co. Ltd. Has $133.57 Million Holdings in Motorola Solutions, Inc. $MSI

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 350,565 shares of the communications equipment provider’s stock after purchasing an additional 14,572 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Motorola Solutions were worth $133,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. Orion Capital Management LLC acquired a new stake in Motorola Solutions during the 3rd quarter valued at approximately $25,000. United Community Bank increased its position in Motorola Solutions by 81.3% during the 3rd 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 during the period. Strategic Advocates LLC acquired a new stake in Motorola Solutions during the 3rd quarter valued at approximately $28,000. JPL Wealth Management LLC acquired a new stake in Motorola Solutions during the 3rd quarter valued at approximately $31,000. Finally, Harbor Investment Advisory LLC increased its position in Motorola Solutions by 45.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gregory Q. Brown sold 50,000 shares of the 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. This trade represents a 51.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth D. Denman sold 434 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $433.37 on Thursday. The stock has a market capitalization of $72.03 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 3.06 and a beta of 0.93. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The stock’s 50 day moving average price is $451.32 and its two-hundred day moving average price is $417.06. 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 quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.04 EPS. On average, equities analysts predict that Motorola Solutions, Inc. will post 15.25 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.93%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSI. 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. Piper Sandler restated an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Argus upgraded Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Finally, Truist Financial assumed coverage on Motorola Solutions in a report on Tuesday, March 31st. They set a “buy” rating and a $540.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $502.50.

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.