Sumitomo Mitsui Trust Group Inc. Has $188.62 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Mitsui Trust Group Inc. increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1.6% in the 3rd quarter, according to 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 period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Motorola Solutions worth $188,622,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MSI. Atomi Financial Group Inc. grew its position in Motorola Solutions by 17.3% in the first quarter. Atomi Financial Group Inc. now owns 835 shares of the communications equipment provider’s stock valued at $296,000 after acquiring an additional 123 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Motorola Solutions by 7.1% in the 1st quarter. Bleakley Financial Group LLC now owns 2,893 shares of the communications equipment provider’s stock worth $1,027,000 after purchasing an additional 193 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Motorola Solutions by 8.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Motorola Solutions by 20.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 200,125 shares of the communications equipment provider’s stock valued at $71,040,000 after purchasing an additional 34,601 shares during the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in Motorola Solutions by 0.7% during the 1st quarter. Picton Mahoney Asset Management now owns 29,572 shares of the communications equipment provider’s stock valued at $10,498,000 after purchasing an additional 220 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on MSI shares. Barclays raised their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Raymond James raised their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Price Performance

Shares of MSI stock opened at $497.45 on Wednesday. The firm’s 50 day moving average price is $455.77 and its two-hundred day moving average price is $411.01. The stock has a market cap of $83.13 billion, a PE ratio of 54.49, a PEG ratio of 4.15 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, analysts forecast that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Dividend Announcement

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

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.