Nordea Investment Management AB Sells 3,672 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Nordea Investment Management AB decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 130,824 shares of the communications equipment provider’s stock after selling 3,672 shares during the quarter. Nordea Investment Management AB’s holdings in Motorola Solutions were worth $60,506,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in Motorola Solutions by 42.8% during the second quarter. Private Advisor Group LLC now owns 5,965 shares of the communications equipment provider’s stock valued at $2,303,000 after buying an additional 1,787 shares during the last quarter. Candriam S.C.A. boosted its position in shares of Motorola Solutions by 1.7% during the 2nd quarter. Candriam S.C.A. now owns 10,753 shares of the communications equipment provider’s stock valued at $4,151,000 after acquiring an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Motorola Solutions by 990.5% in the second quarter. Cullen Frost Bankers Inc. now owns 229 shares of the communications equipment provider’s stock valued at $88,000 after purchasing an additional 208 shares in the last quarter. Ballentine Partners LLC increased its position in Motorola Solutions by 20.6% in the second quarter. Ballentine Partners LLC now owns 2,799 shares of the communications equipment provider’s stock worth $1,081,000 after purchasing an additional 479 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Motorola Solutions during the second quarter valued at $326,000. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSI shares. Raymond James boosted their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America raised their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Performance

MSI stock opened at $455.90 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $308.61 and a twelve month high of $507.82. The firm has a market cap of $76.19 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 3.70 and a beta of 1.01. The business’s fifty day simple moving average is $477.91 and its two-hundred day simple moving average is $444.23. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $1.09 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.96%. Motorola Solutions’s payout ratio is presently 47.75%.

About Motorola Solutions

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.