Motorola Solutions Inc (MSI) Shares Bought by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 16.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 511,667 shares of the communications equipment provider’s stock after purchasing an additional 73,960 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.32% of Motorola Solutions worth $43,425,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in shares of Motorola Solutions by 249.4% in the second quarter. Voya Investment Management LLC now owns 1,338,597 shares of the communications equipment provider’s stock valued at $116,110,000 after acquiring an additional 955,463 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Motorola Solutions in the second quarter valued at about $70,570,000. APG Asset Management N.V. raised its holdings in shares of Motorola Solutions by 75.1% in the third quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock valued at $139,311,000 after acquiring an additional 704,000 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Motorola Solutions by 6.7% in the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after acquiring an additional 600,229 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Motorola Solutions in the second quarter valued at about $584,000. Institutional investors and hedge funds own 87.84% of the company’s stock.
Several analysts recently weighed in on the company. Cowen restated a “market perform” rating and issued a $83.00 price objective (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Jefferies Group restated a “buy” rating and issued a $105.00 price objective (up from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 price objective for the company in a report on Tuesday, August 8th. BMO Capital Markets lifted their price objective on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $95.08.
Shares of Motorola Solutions Inc (MSI) traded down $0.36 during trading on Thursday, reaching $94.17. 793,800 shares of the company’s stock were exchanged, compared to its average volume of 1,067,294. The company has a market capitalization of $15,313.84, a P/E ratio of 18.39, a PEG ratio of 4.21 and a beta of 0.33. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. Motorola Solutions Inc has a fifty-two week low of $76.92 and a fifty-two week high of $94.96.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. equities research analysts predict that Motorola Solutions Inc will post 5.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.21%. Motorola Solutions’s payout ratio is currently 48.08%.
In other Motorola Solutions news, CEO Gregory Q. Brown sold 100,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $92.57, for a total value of $9,257,000.00. Following the completion of the transaction, the chief executive officer now directly owns 99,015 shares in the company, valued at $9,165,818.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Q. Brown sold 75,019 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the transaction, the chief executive officer now owns 183,312 shares of the company’s stock, valued at $16,664,893.92. The disclosure for this sale can be found here. Insiders sold 233,456 shares of company stock valued at $21,400,985 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.
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Motorola Solutions 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.
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