Swiss Life Asset Management Ltd Increases Stock Holdings in Motorola Solutions, Inc. $MSI

Swiss Life Asset Management Ltd increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 48.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,379 shares of the communications equipment provider’s stock after purchasing an additional 10,253 shares during the period. Swiss Life Asset Management Ltd’s holdings in Motorola Solutions were worth $14,349,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Groupama Asset Managment boosted its stake in shares of Motorola Solutions by 0.3% in the third quarter. Groupama Asset Managment now owns 428,732 shares of the communications equipment provider’s stock valued at $196,055,000 after purchasing an additional 1,299 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of Motorola Solutions in the third quarter valued at approximately $371,000. Strategic Advocates LLC bought a new stake in Motorola Solutions during the third quarter worth approximately $28,000. CIBC Private Wealth Group LLC grew its holdings in shares of Motorola Solutions by 4.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 16,876 shares of the communications equipment provider’s stock worth $7,717,000 after acquiring an additional 792 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Motorola Solutions in the third quarter worth approximately $75,243,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the sale, the director directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. The trade was a 5.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the sale, the chief executive officer owned 47,167 shares in the company, valued at $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 129,069 shares of company stock valued at $60,779,964 over the last quarter. 1.44% of the stock is owned by company insiders.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $460.12 on Friday. The business has a fifty day moving average of $436.10 and a 200-day moving average of $423.32. The firm has a market cap of $76.22 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 3.27 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.04 earnings per share. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of research analyst reports. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Barclays upped their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Piper Sandler reissued an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of “Buy” and an average target price of $497.14.

Motorola Solutions 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.