Nordea Investment Management AB increased its stake in Motorola Solutions Inc (NYSE:MSI) by 65.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,722 shares of the communications equipment provider’s stock after purchasing an additional 3,461 shares during the quarter. Nordea Investment Management AB’s holdings in Motorola Solutions were worth $740,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Gyroscope Capital Management Group LLC increased its position in Motorola Solutions by 1.0% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after buying an additional 32 shares during the period. Janney Montgomery Scott LLC increased its position in Motorola Solutions by 0.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after buying an additional 34 shares during the period. Pitcairn Co. increased its position in Motorola Solutions by 0.5% in the 2nd quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock worth $779,000 after buying an additional 42 shares during the period. Rothschild Asset Management Inc. increased its position in Motorola Solutions by 0.8% in the 2nd quarter. Rothschild Asset Management Inc. now owns 6,597 shares of the communications equipment provider’s stock worth $572,000 after buying an additional 51 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Motorola Solutions by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,266 shares of the communications equipment provider’s stock worth $977,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.
In other news, CEO Gregory Q. Brown sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $92.57, for a total transaction of $9,257,000.00. Following the sale, the chief executive officer now directly owns 99,015 shares in the company, valued at $9,165,818.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Q. Brown sold 75,019 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total value of $6,819,977.29. Following the completion of the sale, the chief executive officer now owns 183,312 shares in the company, valued at $16,664,893.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 359,286 shares of company stock worth $33,178,275. 2.50% of the stock is currently owned by company insiders.
Several research analysts have commented on the company. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday, November 9th. Jefferies Group lifted their price target on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $95.08.
Motorola Solutions Inc (NYSE:MSI) traded down $0.28 on Friday, hitting $92.52. The stock had a trading volume of 1,181,074 shares, compared to its average volume of 851,959. The company has a market capitalization of $14,988.24, a PE ratio of 18.00, a PEG ratio of 4.12 and a beta of 0.35. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 1-year low of $76.92 and a 1-year high of $94.96.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. Motorola Solutions’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 earnings per share. analysts anticipate that Motorola Solutions Inc will post 5.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.25%. Motorola Solutions’s payout ratio is currently 48.08%.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
Receive News & Ratings for Motorola Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.