Skandinaviska Enskilda Banken AB publ Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Skandinaviska Enskilda Banken AB publ boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 32.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,011 shares of the communications equipment provider’s stock after purchasing an additional 88,603 shares during the quarter. Motorola Solutions comprises about 0.7% of Skandinaviska Enskilda Banken AB publ’s holdings, making the stock its 26th largest position. Skandinaviska Enskilda Banken AB publ’s holdings in Motorola Solutions were worth $138,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Capital World Investors raised its position in shares of Motorola Solutions by 0.4% in the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after buying an additional 44,279 shares during the last quarter. Raymond James & Associates grew its stake in Motorola Solutions by 3.7% in the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after acquiring an additional 82,044 shares during the period. Alphinity Investment Management Pty Ltd raised its holdings in Motorola Solutions by 36.5% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after acquiring an additional 395,096 shares during the last quarter. Swedbank AB lifted its stake in shares of Motorola Solutions by 215.7% during the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after purchasing an additional 699,615 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after purchasing an additional 4,984 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Bank of America increased their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group boosted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $466.17.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Motorola Solutions Stock Up 0.5 %

Shares of NYSE MSI opened at $438.81 on Friday. The stock has a fifty day moving average price of $417.69 and a 200 day moving average price of $380.06. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98. The company has a market cap of $73.19 billion, a P/E ratio of 54.24, a P/E/G ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $2.41 EPS. Research analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

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.