Nordea Investment Management AB Has $68.84 Million Stock Position in Motorola Solutions, Inc. $MSI

Nordea Investment Management AB increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 28.0% in the fourth quarter, HoldingsChannel reports. The firm owned 179,437 shares of the communications equipment provider’s stock after buying an additional 39,236 shares during the period. Nordea Investment Management AB’s holdings in Motorola Solutions were worth $68,843,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Covea Finance lifted its holdings in Motorola Solutions by 5.9% during the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after purchasing an additional 6,153 shares during the last quarter. Swedbank AB boosted its position in Motorola Solutions by 20.3% during the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares during the period. Varma Mutual Pension Insurance Co increased its holdings in shares of Motorola Solutions by 8.4% in the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock valued at $13,582,000 after purchasing an additional 2,300 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Motorola Solutions by 180.3% in the third quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock valued at $9,100,000 after purchasing an additional 12,799 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.0%

Shares of Motorola Solutions stock opened at $456.75 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a 50-day moving average of $438.91 and a 200-day moving average of $422.28. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The stock has a market cap of $75.67 billion, a PE ratio of 35.80, a PEG ratio of 3.17 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period last year, the firm earned $4.04 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s payout ratio is presently 37.93%.

Insider Activity

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the transaction, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the transaction, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This represents a 42.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 129,069 shares of company stock worth $60,779,964. Corporate insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSI. Morgan Stanley restated an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Piper Sandler reissued an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Barclays raised their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions 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.