Sumitomo Mitsui Trust Group Inc. Acquires 6,752 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419,506 shares of the communications equipment provider's stock after purchasing an additional 6,752 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Motorola Solutions worth $188,622,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MFA Wealth Advisors LLC bought a new position in shares of Motorola Solutions during the second quarter valued at $25,000. Beacon Capital Management LLC raised its stake in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock worth $26,000 after buying an additional 28 shares during the last quarter. LRI Investments LLC lifted its holdings in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 61 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Motorola Solutions during the third quarter valued at $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Motorola Solutions during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Down 0.2 %

Motorola Solutions stock traded down $0.75 during mid-day trading on Wednesday, hitting $496.70. The company's stock had a trading volume of 533,953 shares, compared to its average volume of 669,279. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a market cap of $83.01 billion, a PE ratio of 54.53, a price-to-earnings-growth ratio of 4.16 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The firm's 50 day moving average is $456.91 and its 200 day moving average is $412.07.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, analysts anticipate that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, September 13th. Motorola Solutions's payout ratio is 42.94%.

Analysts Set New Price Targets

Several analysts have recently commented on MSI shares. Barclays increased their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Evercore ISI increased their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Raymond James increased their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of "Buy" and an average target price of $493.43.

Motorola Solutions Company 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.