Mitsubishi UFJ Trust & Banking Corp Purchases 27,905 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Mitsubishi UFJ Trust & Banking Corp raised its stake in Motorola Solutions by 12.9% in Q4, buying an additional 27,905 shares to hold 244,878 shares (about 0.15%) valued at roughly $93.9 million.
• Wall Street is broadly positive on MSI, with an average analyst rating of "Buy" and an average price target of about $502.50, including several recent upgrades and raised targets from major brokers.
• Company insiders have been net sellers recently: insiders sold 129,069 shares worth about $60.8 million over the past three months, including CEO Gregory Q. Brown's sale of 28,435 shares and Cynthia Yazdi's sale of 7,000 shares.

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,878 shares of the communications equipment provider's stock after acquiring an additional 27,905 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.15% of Motorola Solutions worth $93,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Motorola Solutions by 1.3% in 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 last quarter. Capital World Investors increased its position in shares of 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 in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Motorola Solutions by 0.9% during the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider's stock valued at $1,570,096,000 after purchasing an additional 31,744 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider's stock valued at $568,930,000 after purchasing an additional 353,113 shares during the last quarter. Finally, Ninety One UK Ltd boosted its position in shares of Motorola Solutions by 74.3% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSI. Truist Financial started coverage on Motorola Solutions in a research note on Tuesday, March 31st. They set a "buy" rating and a $540.00 target price on the stock. Barclays increased their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a research note 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 research note on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a "strong-buy" rating in a report on Friday, February 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $502.50.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the sale, the chief executive officer directly owned 90,721 shares of the company's stock, valued at approximately $43,360,101.95. This trade represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the transaction, the chief executive officer owned 9,529 shares of the company's stock, valued at $4,488,254.29. The trade was a 42.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is owned by insiders.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $431.97 on Tuesday. The business's 50 day moving average price is $453.62 and its 200 day moving average price is $417.57. The firm has a market cap of $71.80 billion, a P/E ratio of 33.85, a P/E/G ratio of 3.06 and a beta of 0.99. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI - Get Free Report) 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. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period last year, the firm posted $4.04 EPS. Motorola Solutions's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 15.25 earnings per share for the current year.

Motorola Solutions Dividend Announcement

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

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.

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