Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Motorola Solutions, Inc. $MSI

Sumitomo Mitsui Trust Group Inc. increased its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 418,595 shares of the communications equipment provider’s stock after buying an additional 3,821 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Motorola Solutions were worth $191,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions in the second quarter worth about $25,000. Whipplewood Advisors LLC lifted its holdings in Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in Motorola Solutions in the 3rd quarter worth approximately $33,000. Rossby Financial LCC grew its holdings in Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after buying an additional 52 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $38,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $385.72 on Tuesday. The firm has a fifty day simple moving average of $377.15 and a two-hundred day simple moving average of $423.25. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The stock has a market capitalization of $64.24 billion, a P/E ratio of 30.96, a PEG ratio of 2.86 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. On average, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research reports. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $465.00 to $443.00 in a research note on Monday, January 5th. Barclays cut their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $491.86.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.