41,558 Shares of Motorola Solutions, Inc. $MSI Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,558 shares of the communications equipment provider’s stock, valued at approximately $18,534,000.

Several other institutional investors have also made changes to their positions in MSI. State Street Corp lifted its position in shares of Motorola Solutions by 4.3% in the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after acquiring an additional 323,725 shares in the last quarter. Aristotle Capital Management LLC purchased a new position in Motorola Solutions during the 1st quarter worth approximately $983,432,000. Amundi grew its position in Motorola Solutions by 1.9% during the 1st quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after purchasing an additional 30,264 shares in the last quarter. Bank of America Corp DE raised its stake in Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after purchasing an additional 352,679 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Motorola Solutions by 5.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock valued at $539,958,000 after purchasing an additional 59,294 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Motorola Solutions

In other news, CEO Gregory Brown sold 14,220 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the completion of the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. This trade represents a 17.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathryn A. Moore sold 1,004 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the sale, the senior vice president directly owned 1,282 shares of the company’s stock, valued at $611,462.72. This trade represents a 43.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSI. UBS Group raised their target price on Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Barclays upped their price target on Motorola Solutions from $509.00 to $529.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Raymond James Financial increased their price objective on Motorola Solutions from $530.00 to $550.00 in a research note on Thursday, August 6th. Bank of America restated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, Zacks Research cut Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $530.10.

Motorola Solutions Stock Up 0.8%

MSI stock opened at $491.24 on Wednesday. The company has a 50 day moving average of $466.62 and a two-hundred day moving average of $440.18. The company has a market cap of $81.29 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 2.91 and a beta of 0.86. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $499.00. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $4.41 EPS for the quarter, beating the consensus estimate of $3.85 by $0.56. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the company posted $3.57 EPS. Motorola Solutions’s revenue was up 13.3% on a year-over-year basis. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 15.87 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.11%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.

Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.