Skandinaviska Enskilda Banken AB publ Sells 4,872 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Skandinaviska Enskilda Banken AB reduced its stake in Motorola Solutions by 1.1%, selling 4,872 shares, leaving it with a total of 447,488 shares valued at approximately $195.9 million.
• Several institutional investors recently increased their stakes in Motorola Solutions, with ORG Wealth Partners LLC significantly boosting its position by 346.2%, now owning 58 shares valued at $25,000.
• Motorola Solutions reported earnings of $3.18 per share for the last quarter, exceeding analysts' consensus estimate of $3.01, while revenue increased by 5.8% year-over-year to $2.53 billion.

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,488 shares of the communications equipment provider's stock after selling 4,872 shares during the quarter. Motorola Solutions makes up 1.0% of Skandinaviska Enskilda Banken AB publ's portfolio, making the stock its 17th biggest position. Skandinaviska Enskilda Banken AB publ owned 0.27% of Motorola Solutions worth $195,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSI. Phoenix Financial Ltd. raised its holdings in Motorola Solutions by 25.3% in the 1st quarter. Phoenix Financial Ltd. now owns 663 shares of the communications equipment provider's stock worth $291,000 after purchasing an additional 134 shares in the last quarter. Caliber Wealth Management LLC KS bought a new position in Motorola Solutions in the 1st quarter worth $3,276,000. Neo Ivy Capital Management bought a new position in Motorola Solutions in the 1st quarter worth $564,000. Assetmark Inc. raised its holdings in Motorola Solutions by 8.7% in the 1st quarter. Assetmark Inc. now owns 35,002 shares of the communications equipment provider's stock worth $15,324,000 after purchasing an additional 2,803 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Motorola Solutions by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 46,045 shares of the communications equipment provider's stock worth $20,159,000 after buying an additional 2,515 shares during the period. Institutional investors own 84.17% of the company's stock.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSI shares. Barclays decreased their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wolfe Research started coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, UBS Group started coverage on shares of Motorola Solutions in a research note on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Motorola Solutions Stock Up 1.4%

MSI stock traded up $6.06 during trading on Tuesday, hitting $436.03. 202,593 shares of the stock traded hands, compared to its average volume of 883,910. Motorola Solutions, Inc. has a 1 year low of $388.90 and a 1 year high of $507.82. The firm's 50 day moving average is $417.60 and its two-hundred day moving average is $428.82. The stock has a market cap of $72.78 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 3.68 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $2.81 EPS. Motorola Solutions's revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio is currently 36.39%.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.