Danske Bank A S Decreases Stock Position in Motorola Solutions, Inc. $MSI

Key Points

• Danske Bank A/S trimmed its stake in Motorola Solutions (NYSE:MSI) by 2.7% in Q4, selling 3,663 shares and holding 132,325 shares valued at about $50.7 million.
• Company insiders have been net sellers recently — including the CEO and a director — with 129,069 shares sold over the last three months worth roughly $60.8 million, leaving insiders with 1.28% ownership.
• Motorola Solutions beat quarterly estimates (EPS $4.59 vs. $4.35) with revenue up 12.3% year-over-year, pays a quarterly dividend of $1.21 (annualized $4.84, ~1.1% yield), and holds a consensus Buy rating with a $502.50 target.

Danske Bank A S trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,325 shares of the communications equipment provider's stock after selling 3,663 shares during the period. Danske Bank A S owned 0.08% of Motorola Solutions worth $50,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MSI. Ninety One UK Ltd increased its position in Motorola Solutions by 74.3% during the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider's stock worth $513,108,000 after buying an additional 570,712 shares in the last quarter. Capital World Investors lifted 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 acquiring an additional 490,354 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Motorola Solutions by 56.6% during the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider's stock valued at $550,422,000 after acquiring an additional 435,178 shares during the last quarter. Ameriprise Financial Inc. increased its position in Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider's stock worth $568,930,000 after purchasing an additional 353,113 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Motorola Solutions by 3,126.7% during the 4th quarter. SG Americas Securities LLC now owns 297,925 shares of the communications equipment provider's stock worth $114,201,000 after purchasing an additional 288,692 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director directly owned 7,153 shares of the company's stock, valued at $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 9,529 shares in the company, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 129,069 shares of company stock valued at $60,779,964 over the last three months. 1.28% of the stock is owned by company insiders.

Motorola Solutions Trading Down 0.7%

MSI stock opened at $436.05 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The company has a market cap of $72.47 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.06 and a beta of 0.93. The business has a fifty day simple moving average of $452.44 and a 200-day simple moving average of $417.66. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the business earned $4.04 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts expect that Motorola Solutions, Inc. will post 15.25 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 20th. Motorola Solutions's dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

A number of research firms have issued reports on MSI. Barclays upped their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Sunday, April 26th. Argus raised shares of Motorola Solutions to a "strong-buy" rating in a research report on Friday, February 13th. Weiss Ratings raised shares of Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $502.50.

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.

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