Asset Management One Co. Ltd. Sells 12,158 Shares of Motorola Solutions, Inc. $MSI

Asset Management One Co. Ltd. cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,126 shares of the communications equipment provider’s stock after selling 12,158 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Motorola Solutions worth $43,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $872,307,000. Marshall Wace LLP bought a new stake in Motorola Solutions in the second quarter valued at about $230,743,000. Voya Investment Management LLC raised its position in Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after purchasing an additional 452,822 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Motorola Solutions by 54.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after purchasing an additional 422,039 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after purchasing an additional 384,479 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Down 0.6%

Shares of NYSE MSI opened at $380.86 on Monday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a 50-day moving average of $382.22 and a two-hundred day moving average of $424.53. The company has a market cap of $63.43 billion, a PE ratio of 30.57, a P/E/G ratio of 2.85 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. Motorola Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.74 earnings per share. As a group, equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays cut their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and set a $443.00 target price on the stock in a report on Monday. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $491.86.

About Motorola Solutions

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.