Pictet Asset Management Holding SA Has $37.51 Million Holdings in Motorola Solutions, Inc. $MSI

Pictet Asset Management Holding SA decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,861 shares of the communications equipment provider’s stock after selling 11,659 shares during the period. Pictet Asset Management Holding SA’s holdings in Motorola Solutions were worth $37,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd increased its position in shares of Motorola Solutions by 74.3% in the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after purchasing an additional 570,712 shares during the period. Capital World Investors increased its holdings in Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after buying an additional 490,354 shares during the period. Victory Capital Management Inc. raised its position in shares of Motorola Solutions by 56.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after buying an additional 435,178 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Motorola Solutions by 35.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock valued at $568,930,000 after buying an additional 353,113 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Motorola Solutions by 3,126.7% during the 4th quarter. SG Americas Securities LLC now owns 297,925 shares of the communications equipment provider’s stock worth $114,201,000 after acquiring an additional 288,692 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the transaction, the chief executive officer owned 90,721 shares of the company’s stock, valued at approximately $43,360,101.95. The trade was a 23.86% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is owned by insiders.

Motorola Solutions Stock Down 1.1%

Shares of NYSE:MSI opened at $429.88 on Thursday. The company has a market capitalization of $71.45 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 3.01 and a beta of 0.99. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The business’s 50-day moving average is $452.73 and its 200-day moving average is $417.51. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the business earned $4.04 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Motorola Solutions, Inc. will post 15.25 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, March 20th. Motorola Solutions’s dividend payout ratio is presently 37.93%.

Analyst Ratings Changes

Several research firms recently issued reports on MSI. Piper Sandler reiterated an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Truist Financial began coverage on Motorola Solutions in a research note on Tuesday, March 31st. They set a “buy” rating and a $540.00 target price for the company. Barclays upped their price objective on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus target price of $502.50.

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.