Motorola Solutions, Inc. $MSI Stock: Pictet Asset Management Holding SA Trims Holdings

Pictet Asset Management Holding SA cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,121 shares of the communications equipment provider’s stock after selling 15,999 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Motorola Solutions were worth $159,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Aristotle Capital Management LLC bought a new position in Motorola Solutions in the 1st quarter valued at approximately $983,432,000. Bank of New York Mellon Corp acquired a new stake in Motorola Solutions in the second quarter valued at approximately $374,617,000. Bank of America Corp DE boosted its position in 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 valued at $599,532,000 after buying an additional 352,679 shares in the last quarter. State Street Corp boosted its position in Motorola Solutions by 4.3% in the second quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after buying an additional 323,725 shares in the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of Motorola Solutions during the first quarter worth $112,734,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions News Roundup

Here are the key news stories impacting Motorola Solutions this week:

Motorola Solutions Stock Down 0.1%

Shares of NYSE:MSI opened at $513.91 on Monday. The firm has a market cap of $84.96 billion, a P/E ratio of 41.34, a P/E/G ratio of 2.79 and a beta of 0.86. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $548.28. The business has a fifty day simple moving average of $467.94 and a 200 day simple moving average of $441.87. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03.

Motorola Solutions (NYSE:MSI – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, beating analysts’ consensus estimates of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the company posted $4.06 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts predict that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is 38.94%.

Insider Buying and Selling

In related news, CEO Gregory Brown sold 14,220 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the sale, the chief executive officer directly owned 66,648 shares in the company, valued at $32,338,942.56. This represents a 17.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kathryn A. Moore sold 1,004 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $476.96, for a total transaction of $478,867.84. Following the sale, the senior vice president directly owned 1,282 shares of the company’s stock, valued at $611,462.72. This represents a 43.92% decrease in their position. The SEC filing for this sale provides additional information. 1.28% of the stock is owned by insiders.

Analyst Ratings Changes

MSI has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Morgan Stanley reiterated an “overweight” rating and issued a $476.00 price target (up from $470.00) on shares of Motorola Solutions in a research note on Thursday, August 6th. Evercore raised their price objective on Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. UBS Group boosted their price objective on Motorola Solutions from $520.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Research cut Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. One 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $545.70.

Get Our Latest Analysis on Motorola Solutions

About Motorola Solutions

(Free Report)

Motorola Solutions, Inc provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology.

The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Motorola Solutions serves customers around the world.

Read More

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).

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

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.