Skandinaviska Enskilda Banken AB publ Boosts Stock Holdings in Motorola Solutions, Inc. $MSI

Skandinaviska Enskilda Banken AB publ lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 349,562 shares of the communications equipment provider’s stock after purchasing an additional 41,297 shares during the quarter. Motorola Solutions comprises about 0.6% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 25th biggest position. Skandinaviska Enskilda Banken AB publ owned about 0.21% of Motorola Solutions worth $159,851,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Covea Finance lifted its position in shares of Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after purchasing an additional 6,153 shares during the period. Obermeyer Wealth Partners increased its holdings in Motorola Solutions by 261.0% during the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after buying an additional 5,837 shares during the period. Machina Capital S.A.S. raised its stake in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after buying an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in Motorola Solutions during the second quarter worth $257,000. Finally, Swedbank AB boosted its position in Motorola Solutions by 20.3% during the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock valued at $615,280,000 after acquiring an additional 227,062 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

MSI opened at $462.19 on Tuesday. The company has a market cap of $76.57 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The firm’s 50-day moving average price is $393.85 and its 200-day moving average price is $421.30. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the business earned $4.04 EPS. Motorola Solutions’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Monday, December 1st. Morgan Stanley reissued an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research report on Thursday. Piper Sandler restated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday. Finally, Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and an average target price of $497.14.

Motorola Solutions 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.