Motorola Solutions, Inc. $MSI Shares Sold by Danske Bank A S

Danske Bank A S lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,325 shares of the communications equipment provider’s stock after selling 3,663 shares during the period. Danske Bank A S’s holdings in Motorola Solutions were worth $50,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MSI. Revolve Wealth Partners LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at approximately $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth approximately $210,000. HUB Investment Partners LLC grew its position in shares of Motorola Solutions by 38.7% during the second quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock worth $1,068,000 after buying an additional 709 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of Motorola Solutions by 17.7% in the second quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock worth $6,845,000 after buying an additional 2,450 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Motorola Solutions in the second quarter worth $891,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays upped their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $502.50.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was 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 in the company, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 directly owned 47,167 shares in the company, valued at approximately $22,078,401.03. This trade represents a 51.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is currently owned by insiders.

Motorola Solutions Stock Down 0.7%

Shares of NYSE:MSI opened at $436.05 on Friday. The company’s fifty day moving average is $452.44 and its two-hundred day moving average is $417.66. 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 1-year low of $359.36 and a 1-year high of $492.22. The stock has a market capitalization of $72.47 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Motorola Solutions (NYSE:MSI) last posted its quarterly 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 business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the previous year, the business posted $4.04 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Motorola Solutions, Inc. will post 15.25 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th were issued a dividend of $1.21 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio is 37.93%.

About Motorola Solutions

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.