Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in Motorola Solutions by 3.1% to a total of 217,528 shares, worth approximately $95.2 million as of the end of the first quarter.
• Motorola Solutions reported earnings of $3.18 per share for the latest quarter, exceeding analyst estimates of $3.01 and reflecting a 5.8% year-over-year revenue increase of $2.53 billion.
• The company also announced a quarterly dividend of $1.09 per share, with a dividend yield of 1.0% and a payout ratio of 36.39%.

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,528 shares of the communications equipment provider's stock after selling 6,857 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.13% of Motorola Solutions worth $95,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its position in shares of Motorola Solutions by 3.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock worth $409,000 after buying an additional 29 shares in the last quarter. Bryce Point Capital LLC purchased a new position in Motorola Solutions in the fourth quarter worth $518,000. Oppenheimer & Co. Inc. lifted its stake in Motorola Solutions by 228.9% in the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock worth $3,663,000 after purchasing an additional 5,823 shares during the last quarter. Perennial Investment Advisors LLC lifted its stake in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock worth $383,000 after purchasing an additional 104 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Motorola Solutions in the first quarter worth $874,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

Shares of NYSE MSI traded up $8.35 during mid-day trading on Wednesday, reaching $442.40. The company's stock had a trading volume of 479,438 shares, compared to its average volume of 895,467. The stock has a 50-day moving average of $419.42 and a two-hundred day moving average of $428.04. The stock has a market capitalization of $73.85 billion, a P/E ratio of 36.93, a P/E/G ratio of 3.79 and a beta of 0.97. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSI. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research began coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. UBS Group started coverage on shares of Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 target price for the company. Finally, William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the transaction, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.44% of the company's stock.

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.