Handelsbanken Fonder AB acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,000 shares of the communications equipment provider’s stock, valued at approximately $424,000.
Several other large investors have also made changes to their positions in MSI. Sun Life Financial INC increased its position in Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC increased its position in Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares in the last quarter. Exane Derivatives increased its position in Motorola Solutions by 163.6% in the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares in the last quarter. Smithfield Trust Co. increased its position in Motorola Solutions by 2.7% in the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 53 shares in the last quarter. Finally, Williams Jones & Associates LLC bought a new stake in Motorola Solutions in the 2nd quarter valued at about $201,000. 87.95% of the stock is currently owned by institutional investors.
In related news, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.
A number of analysts have commented on MSI shares. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Thursday, July 27th. BMO Capital Markets boosted their price objective on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Credit Suisse Group set a $95.00 price objective on Motorola Solutions and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $95.08.
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Motorola Solutions, Inc. (MSI) traded down $0.54 during trading hours on Friday, hitting $91.07. The company’s stock had a trading volume of 584,800 shares, compared to its average volume of 1,084,916. The stock has a market capitalization of $14,840.80, a P/E ratio of 17.82, a P/E/G ratio of 4.08 and a beta of 0.33. Motorola Solutions, Inc. has a 12-month low of $76.92 and a 12-month high of $94.94. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. equities analysts forecast that Motorola Solutions, Inc. will post 5.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.28%. 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. Motorola Solutions’s dividend payout ratio (DPR) is 48.08%.
About Motorola Solutions
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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