Nordea Investment Management AB Sells 3,118 Shares of Motorola Solutions, Inc. $MSI

Nordea Investment Management AB lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 140,201 shares of the communications equipment provider’s stock after selling 3,118 shares during the quarter. Nordea Investment Management AB’s holdings in Motorola Solutions were worth $63,759,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSI. Revolve Wealth Partners LLC purchased a new stake in Motorola Solutions during the fourth quarter valued at approximately $208,000. NBC Securities Inc. lifted its holdings in shares of Motorola Solutions by 2.5% during the 2nd quarter. NBC Securities Inc. now owns 2,313 shares of the communications equipment provider’s stock valued at $972,000 after purchasing an additional 57 shares during the last quarter. Czech National Bank boosted its position in shares of Motorola Solutions by 6.3% in the 2nd quarter. Czech National Bank now owns 40,800 shares of the communications equipment provider’s stock worth $17,155,000 after purchasing an additional 2,415 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Motorola Solutions during the 2nd quarter worth $419,000. Finally, Bruce G. Allen Investments LLC increased its position in Motorola Solutions by 224.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 120 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 83 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $389.36 on Thursday. The company has a 50 day simple moving average of $376.98 and a two-hundred day simple moving average of $422.82. The stock has a market cap of $64.85 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.92 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.74 earnings per share. As a group, analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $1.21 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is presently 38.84%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MSI shares. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a report on Monday, December 1st. Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $491.86.

Motorola Solutions Company 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.