Mitsubishi UFJ Asset Management Co. Ltd. Buys 8,615 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,524 shares of the communications equipment provider's stock after acquiring an additional 8,615 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Motorola Solutions worth $51,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alphinity Investment Management Pty Ltd acquired a new position in shares of Motorola Solutions during the 4th quarter worth approximately $339,283,000. Ameriprise Financial Inc. lifted its stake in shares of Motorola Solutions by 67.8% during the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider's stock valued at $324,614,000 after buying an additional 482,023 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Motorola Solutions in the 3rd quarter worth approximately $77,388,000. International Assets Investment Management LLC lifted its stake in shares of Motorola Solutions by 1,208.6% during the 4th quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider's stock worth $59,991,000 after purchasing an additional 176,968 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider's stock worth $90,846,000 after purchasing an additional 126,517 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Up 1.1 %

Motorola Solutions stock traded up $3.96 during midday trading on Wednesday, hitting $365.01. The stock had a trading volume of 543,887 shares, compared to its average volume of 673,333. The business has a fifty day moving average price of $347.11 and a 200 day moving average price of $328.22. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $366.84. The stock has a market cap of $60.88 billion, a P/E ratio of 45.12, a P/E/G ratio of 3.15 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, June 14th. Motorola Solutions's dividend payout ratio (DPR) is presently 48.45%.

Analysts Set New Price Targets

Several research firms have commented on MSI. StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $400.00 to $405.00 and gave the company an "overweight" rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $355.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Evercore ISI began coverage on Motorola Solutions in a report on Monday, March 25th. They set an "outperform" rating and a $400.00 target price on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Motorola Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $357.43.

Insider Activity

In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares of the company's stock, valued at $4,650,156.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP James A. Niewiara sold 810 shares of the company's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the transaction, the senior vice president now owns 12,986 shares in the company, valued at $4,650,156.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cynthia Yazdi sold 4,744 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares of the company's stock, valued at $2,961,229.40. The disclosure for this sale can be found here. In the last three months, insiders sold 8,169 shares of company stock valued at $2,803,460. Company insiders own 1.26% 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.