Lansforsakringar Fondforvaltning AB publ Sells 31,719 Shares of Motorola Solutions, Inc. $MSI

Lansforsakringar Fondforvaltning AB publ decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 96.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,184 shares of the communications equipment provider’s stock after selling 31,719 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Motorola Solutions were worth $541,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC lifted its position in Motorola Solutions by 2.3% during the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock worth $397,000 after acquiring an additional 21 shares during the last quarter. Advisors Capital Management LLC increased its stake in shares of Motorola Solutions by 1.0% during the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after purchasing an additional 24 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Motorola Solutions by 0.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after purchasing an additional 24 shares during the last quarter. Rexford Capital Inc. boosted its stake in Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after purchasing an additional 24 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in Motorola Solutions by 3.7% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock valued at $295,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.2%

MSI stock opened at $469.90 on Thursday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The business has a 50-day simple moving average of $406.94 and a 200 day simple moving average of $422.39. 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 $77.84 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm 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 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.0%. Motorola Solutions’s dividend payout ratio is presently 37.93%.

Analysts Set New Price Targets

MSI has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler restated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and a consensus price target of $497.14.

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.