Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 18.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,901 shares of the communications equipment provider's stock after acquiring an additional 3,792 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Motorola Solutions were worth $10,902,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its holdings in Motorola Solutions by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock valued at $409,000 after acquiring an additional 29 shares during the period. Bryce Point Capital LLC acquired a new stake in Motorola Solutions in the fourth quarter valued at $518,000. Oppenheimer & Co. Inc. lifted its holdings 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 valued at $3,663,000 after acquiring an additional 5,823 shares during the period. Perennial Investment Advisors LLC lifted its holdings 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 valued at $383,000 after acquiring an additional 104 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in Motorola Solutions in the first quarter valued at $874,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Price Performance

MSI stock traded up $2.28 during trading on Thursday, hitting $424.55. The stock had a trading volume of 494,717 shares, compared to its average volume of 824,933. The company's 50 day moving average price is $417.66 and its two-hundred day moving average price is $434.68. Motorola Solutions, Inc. has a 1-year low of $384.51 and a 1-year high of $507.82. The stock has a market cap of $70.87 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.63 and a beta of 0.95. 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 (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company 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 $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MSI shares. Barclays reduced their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $513.25.

Insiders Place Their Bets

In related news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.