Motorola Solutions, Inc. $MSI Stock: Danske Bank A S Boosts Holdings

Danske Bank A S boosted its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 16.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 180,641 shares of the communications equipment provider’s stock after buying an additional 25,278 shares during the period. Danske Bank A S’s holdings in Motorola Solutions were worth $80,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Aristotle Capital Management LLC acquired a new stake in shares of Motorola Solutions during the 1st quarter valued at approximately $983,432,000. Bank of New York Mellon Corp bought a new position in Motorola Solutions during the second quarter worth $374,617,000. Bank of America Corp DE boosted its holdings 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 worth $599,532,000 after purchasing an additional 352,679 shares during the period. State Street Corp boosted its holdings 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 worth $3,269,332,000 after purchasing an additional 323,725 shares during the period. Finally, SEB Asset Management AB bought a new stake in Motorola Solutions during the first quarter valued at $112,734,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Ratings Changes

MSI has been the topic of a number of research reports. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 9th. Barclays lifted their price target on shares of Motorola Solutions from $529.00 to $598.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Bank of America reaffirmed a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Zacks Research cut shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $533.00 target price (up from $531.00) on shares of Motorola Solutions in a report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $545.70.

View Our Latest Analysis on Motorola Solutions

Motorola Solutions Stock Performance

NYSE MSI traded up $1.10 during trading hours on Friday, hitting $531.50. The company had a trading volume of 662,143 shares, compared to its average volume of 1,201,803. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03. The firm has a market cap of $87.87 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.86. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $548.28. The business has a fifty day simple moving average of $472.72 and a 200-day simple moving average of $445.13.

Motorola Solutions (NYSE:MSI – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.06 EPS. Equities analysts predict that Motorola Solutions, Inc. will post 16.08 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were paid a $1.21 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 0.9%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.94%.

Insider Buying and Selling

In other news, CFO Jason Winkler sold 7,552 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $529.12, for a total transaction of $3,995,914.24. Following the sale, the chief financial officer owned 11,319 shares of the company’s stock, valued at approximately $5,989,109.28. The trade was a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rajan Naik sold 10,005 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $512.43, for a total value of $5,126,862.15. Following the completion of the transaction, the senior vice president directly owned 12,563 shares of the company’s stock, valued at $6,437,658.09. This trade represents a 44.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 221,418 shares of company stock valued at $114,247,736 in the last ninety days. Insiders own 1.28% of the company’s stock.

Key Stories Impacting Motorola Solutions

Here are a few of the latest stories about MSI:

Motorola Solutions Profile

(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.

Further Reading

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

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