Sumitomo Life Insurance Co. Makes New $1.24 Million Investment in Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Life Insurance Co. acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,820 shares of the communications equipment provider's stock, valued at approximately $1,235,000.

A number of other institutional investors have also recently bought and sold shares of the business. Kingswood Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 29 shares in the last quarter. Bryce Point Capital LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at about $518,000. Oppenheimer & Co. Inc. grew its position in Motorola Solutions by 228.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock worth $3,663,000 after acquiring an additional 5,823 shares during the last quarter. Perennial Investment Advisors LLC grew its position in Motorola Solutions by 14.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock worth $383,000 after acquiring an additional 104 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Motorola Solutions in the 1st quarter worth approximately $874,000. Institutional investors own 84.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wolfe Research initiated coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Barclays dropped their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Insider Buying and Selling

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was 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 directly owned 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Stock Down 1.2%

MSI traded down $4.76 on Tuesday, reaching $408.86. The company's stock had a trading volume of 817,771 shares, compared to its average volume of 827,497. The business's 50 day moving average is $416.51 and its 200 day moving average is $431.53. Motorola Solutions, Inc. has a 1 year low of $385.17 and a 1 year high of $507.82. The stock has a market cap of $68.25 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 3.58 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the firm earned $2.81 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.07%. Motorola Solutions's payout ratio is 36.39%.

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.