Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 7.3% during the third quarter, Holdings Channel.com reports. The fund owned 68,182 shares of the communications equipment provider’s stock after selling 5,355 shares during the period. Motorola Solutions accounts for 0.8% of Dai ichi Life Insurance Company Ltd’s investment portfolio, making the stock its 24th largest holding. Dai ichi Life Insurance Company Ltd’s holdings in Motorola Solutions were worth $30,657,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Motorola Solutions by 27.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 435,843 shares of the communications equipment provider’s stock worth $154,716,000 after purchasing an additional 95,078 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Motorola Solutions by 25.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 24,736 shares of the communications equipment provider’s stock worth $8,781,000 after acquiring an additional 4,997 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Motorola Solutions by 1,477.3% in the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after acquiring an additional 335,496 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Motorola Solutions by 0.5% during the first quarter. Ancora Advisors LLC now owns 6,771 shares of the communications equipment provider’s stock valued at $2,404,000 after acquiring an additional 31 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in Motorola Solutions by 39.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,873 shares of the communications equipment provider’s stock worth $1,375,000 after purchasing an additional 1,105 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price 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. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Barclays boosted their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions has an average rating of “Buy” and an average target price of $493.43.

Motorola Solutions Stock Down 2.5 %

NYSE MSI opened at $488.48 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a fifty-two week low of $307.09 and a fifty-two week high of $507.82. The business has a 50 day moving average price of $466.71 and a two-hundred day moving average price of $421.19. The stock has a market cap of $81.64 billion, a PE ratio of 53.50, a P/E/G ratio of 4.11 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $1.09 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.75%.

Motorola Solutions 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.