Meiji Yasuda Life Insurance Co cut its stake in Motorola Solutions Inc (NYSE:MSI) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,095 shares of the communications equipment provider’s stock after selling 1,377 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Motorola Solutions were worth $1,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neuburgh Advisers LLC increased its stake in Motorola Solutions by 8.2% in the first quarter. Neuburgh Advisers LLC now owns 79,248 shares of the communications equipment provider’s stock worth $11,128,000 after purchasing an additional 5,984 shares during the period. Westwood Holdings Group Inc. increased its stake in Motorola Solutions by 28.9% in the first quarter. Westwood Holdings Group Inc. now owns 742,486 shares of the communications equipment provider’s stock worth $104,260,000 after purchasing an additional 166,465 shares during the period. TCW Group Inc. increased its stake in Motorola Solutions by 54.4% in the first quarter. TCW Group Inc. now owns 45,685 shares of the communications equipment provider’s stock worth $6,415,000 after purchasing an additional 16,105 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Motorola Solutions by 6.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 317,093 shares of the communications equipment provider’s stock worth $44,526,000 after purchasing an additional 19,020 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in Motorola Solutions by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock worth $802,310,000 after purchasing an additional 134,923 shares during the period. Institutional investors own 85.91% of the company’s stock.

A number of research firms have weighed in on MSI. MKM Partners increased their target price on Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. BTIG Research increased their target price on Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Citigroup increased their target price on Motorola Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, February 13th. Finally, Raymond James set a $160.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $139.39.

Shares of Motorola Solutions stock traded down $0.11 during trading on Wednesday, hitting $160.45. 31,380 shares of the stock traded hands, compared to its average volume of 1,012,811. The firm has a market cap of $26.62 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.89 and a beta of 0.51. Motorola Solutions Inc has a 52-week low of $108.25 and a 52-week high of $164.27.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.08 by $0.20. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.62 billion. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. As a group, research analysts forecast that Motorola Solutions Inc will post 7.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.42%. Motorola Solutions’s dividend payout ratio is currently 33.38%.

In other news, EVP Mark S. Hacker sold 54,712 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $140.75, for a total transaction of $7,700,714.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Daniel G. Pekofske sold 4,785 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $143.03, for a total value of $684,398.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,359 shares of company stock worth $19,589,459. Insiders own 2.99% of the company’s stock.

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Motorola Solutions Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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