Mitsubishi UFJ Asset Management Co. Ltd. Purchases 14,572 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Mitsubishi UFJ Asset Management boosted its stake in Motorola Solutions by 4.3%, buying 14,572 shares to hold 350,565 shares worth about $133.6 million (0.21% of the company).
• Company insiders sold a total of 129,069 shares (~$60.8 million) over the last quarter, including CEO Gregory Q. Brown's sale of 50,000 shares, leaving insiders with 1.28% ownership.
• Motorola reported a strong quarter—$4.59 EPS vs. $4.35 expected and 12.3% revenue growth—and analysts are generally bullish, with an average price target of about $502.50 and mostly Buy ratings.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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. owned 0.21% of Motorola Solutions worth $133,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Motorola Solutions by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider's stock worth $10,139,015,000 after purchasing an additional 286,366 shares during the period. Capital World Investors lifted its position in Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider's stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the period. Raymond James Financial Inc. lifted its position in Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider's stock worth $1,570,096,000 after purchasing an additional 31,744 shares during the period. Ameriprise Financial Inc. lifted its position in Motorola Solutions by 35.2% during the second quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider's stock worth $568,930,000 after purchasing an additional 353,113 shares during the period. Finally, Ninety One UK Ltd lifted its position in Motorola Solutions by 74.3% during the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider's stock worth $513,108,000 after purchasing an additional 570,712 shares during the period. Institutional investors own 84.17% of the company's stock.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the transaction, the chief executive officer directly owned 47,167 shares of the company's stock, valued at $22,078,401.03. This represents a 51.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 129,069 shares of company stock valued at $60,779,964 over the last quarter. 1.28% of the stock is owned by company insiders.

Motorola Solutions Stock Down 1.1%

Shares of NYSE MSI opened at $433.37 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The company has a market cap 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 12 month low of $359.36 and a 12 month high of $492.22. The stock has a 50-day moving average price of $451.32 and a two-hundred day moving average price of $417.06.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the firm earned $4.04 earnings per share. The business's quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that Motorola Solutions, Inc. will post 15.25 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th were paid a $1.21 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions's dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

MSI has been the subject of several recent analyst reports. Argus raised shares of Motorola Solutions to a "strong-buy" rating in a research report on Friday, February 13th. Barclays upped their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Piper Sandler reissued an "overweight" rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Weiss Ratings raised Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target 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.

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