Mirae Asset Global Investments Co. Ltd. Makes New $18.53 Million Investment in Motorola Solutions, Inc. $MSI

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 41,558 shares of the communications equipment provider’s stock, valued at approximately $18,534,000.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp increased its position in Motorola Solutions by 4.3% during the second quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock worth $3,269,332,000 after buying an additional 323,725 shares during the last quarter. Aristotle Capital Management LLC bought a new position in Motorola Solutions during the first quarter valued at about $983,432,000. Amundi lifted its position in shares of Motorola Solutions by 1.9% in the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after buying an additional 30,264 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Motorola Solutions by 34.3% in the first quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock worth $599,532,000 after buying an additional 352,679 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Motorola Solutions by 5.0% in the first quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock worth $539,958,000 after buying an additional 59,294 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Transactions at Motorola Solutions

In related news, CEO Gregory Brown sold 14,220 shares of the stock in a transaction that occurred on 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 owned 66,648 shares in the company, valued at $32,338,942.56. This represents a 17.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the sale, the senior vice president directly owned 1,282 shares in the company, valued at $611,462.72. This trade represents a 43.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.28% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI opened at $491.24 on Wednesday. The company has a market capitalization of $81.29 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $499.00. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The company’s fifty day moving average price is $466.62 and its 200 day moving average price is $440.18.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.56. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the business earned $3.57 EPS. The business’s revenue was up 13.3% on a year-over-year basis. As a group, analysts expect that Motorola Solutions, Inc. will post 15.87 earnings per share for the current year.

Motorola Solutions Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Raymond James Financial upped their price target on Motorola Solutions from $530.00 to $550.00 in a research note on Thursday, August 6th. Evercore raised their price objective on Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. Zacks Research lowered Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Barclays boosted their target price on Motorola Solutions from $509.00 to $529.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $530.10.

About Motorola Solutions

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.