Motorola Solutions, Inc. (NYSE:MSI) Stock Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Motorola Solutions, Inc. (NYSE:MSIGet Rating) by 17.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,882 shares of the communications equipment provider’s stock after acquiring an additional 5,285 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Motorola Solutions were worth $8,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSI. Level Four Advisory Services LLC acquired a new stake in Motorola Solutions in the 4th quarter valued at about $270,000. Gotham Asset Management LLC lifted its holdings in Motorola Solutions by 852.8% in the 4th quarter. Gotham Asset Management LLC now owns 10,271 shares of the communications equipment provider’s stock valued at $2,791,000 after acquiring an additional 9,193 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Motorola Solutions by 5.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,834 shares of the communications equipment provider’s stock valued at $2,400,000 after acquiring an additional 470 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Motorola Solutions by 6.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,026 shares of the communications equipment provider’s stock valued at $5,169,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Motorola Solutions by 7.4% in the 4th quarter. Clearstead Advisors LLC now owns 842 shares of the communications equipment provider’s stock valued at $229,000 after acquiring an additional 58 shares during the last quarter. 83.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $254.14, for a total transaction of $25,414,000.00. Following the transaction, the chief executive officer now owns 70,308 shares of the company’s stock, valued at $17,868,075.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $254.14, for a total value of $25,414,000.00. Following the transaction, the chief executive officer now owns 70,308 shares of the company’s stock, valued at $17,868,075.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 69,229 shares of Motorola Solutions stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $255.80, for a total transaction of $17,708,778.20. Following the completion of the transaction, the chief executive officer now directly owns 70,308 shares in the company, valued at approximately $17,984,786.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,377 shares of company stock valued at $57,064,982. 1.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MSI shares. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Morgan Stanley cut shares of Motorola Solutions from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $240.00 to $260.00 in a report on Wednesday, September 14th. Credit Suisse Group raised their target price on shares of Motorola Solutions to $301.00 in a report on Tuesday, August 9th. Barclays raised their target price on shares of Motorola Solutions to $305.00 in a report on Tuesday, August 9th. Finally, Cowen raised their target price on shares of Motorola Solutions to $311.00 in a report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $289.33.

Motorola Solutions Stock Performance

MSI stock opened at $239.51 on Wednesday. The stock has a market cap of $40.07 billion, a P/E ratio of 34.57, a P/E/G ratio of 2.92 and a beta of 0.91. The firm has a 50 day simple moving average of $239.85 and a 200 day simple moving average of $227.05. Motorola Solutions, Inc. has a 52 week low of $195.18 and a 52 week high of $273.65.

Motorola Solutions (NYSE:MSIGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 earnings per share. Sell-side analysts predict that Motorola Solutions, Inc. will post 9.09 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, September 14th. Motorola Solutions’s payout ratio is presently 45.60%.

Motorola Solutions Company Profile

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Motorola Solutions, Inc provides mission critical communications and analytics 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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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