Meiji Yasuda Asset Management Co Ltd. Purchases 215 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,600 shares of the communications equipment provider’s stock after acquiring an additional 215 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Motorola Solutions were worth $2,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSI. 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 valued at $26,000 after purchasing an additional 28 shares in the last quarter. Range Financial Group LLC raised its position in shares of Motorola Solutions by 2.0% during the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after buying an additional 28 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Motorola Solutions by 2.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after acquiring an additional 30 shares during the last quarter. Rehmann Capital Advisory Group grew its position in Motorola Solutions by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after acquiring an additional 30 shares in the last quarter. Finally, Forum Financial Management LP increased its stake in Motorola Solutions by 2.3% during the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after acquiring an additional 30 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MSI shares. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Bank of America raised their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Evercore ISI lifted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Stock Down 0.5 %

NYSE:MSI opened at $436.58 on Thursday. The company has a market cap of $72.82 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $448.98. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock has a fifty day simple moving average of $416.69 and a 200-day simple moving average of $379.65.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $2.41 EPS. Analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.90%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

About Motorola Solutions

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.