Meiji Yasuda Life Insurance Co Has $2.62 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Meiji Yasuda Life Insurance Co decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,790 shares of the communications equipment provider’s stock after selling 623 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Motorola Solutions were worth $2,621,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MSI. Avantax Advisory Services Inc. boosted its stake in shares of Motorola Solutions by 28.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,241 shares of the communications equipment provider’s stock worth $701,000 after acquiring an additional 494 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Motorola Solutions by 0.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,754 shares of the communications equipment provider’s stock worth $1,488,000 after acquiring an additional 32 shares during the period. Gladstone Institutional Advisory LLC bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $1,162,000. Coldstream Capital Management Inc. boosted its stake in shares of Motorola Solutions by 24.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,157 shares of the communications equipment provider’s stock worth $988,000 after acquiring an additional 619 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in shares of Motorola Solutions by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after acquiring an additional 3,278 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

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

Motorola Solutions Stock Performance

NYSE:MSI opened at $439.16 on Wednesday. The stock has a fifty day moving average price of $415.78 and a 200-day moving average price of $379.25. The company has a market cap of $73.25 billion, a price-to-earnings ratio of 54.28, a PEG ratio of 3.80 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $448.98.

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

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Barclays boosted their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI boosted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Bank of America boosted their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $466.17.

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.