Livforsakringsbolaget Skandia Omsesidigt Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Livforsakringsbolaget Skandia Omsesidigt lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,331 shares of the communications equipment provider’s stock after selling 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Motorola Solutions were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MSI. State Board of Administration of Florida Retirement System boosted its holdings in shares of Motorola Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Motorola Solutions by 15.6% in the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after buying an additional 3,278 shares during the period. First Foundation Advisors raised its position in shares of Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after acquiring an additional 97 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Motorola Solutions by 29.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after acquiring an additional 4,594 shares in the last quarter. Finally, BDF Gestion bought a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $7,377,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America lifted their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $437.40.

Motorola Solutions Stock Performance

Shares of MSI stock traded up $0.66 on Monday, reaching $411.42. The stock had a trading volume of 100,284 shares, compared to its average volume of 663,808. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $414.03. The stock has a market cap of $68.62 billion, a P/E ratio of 50.93, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a 50 day simple moving average of $388.58 and a 200 day simple moving average of $359.17.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. Motorola Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Motorola Solutions, Inc. will post 12.09 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, June 14th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Buying and Selling

In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO John P. Molloy sold 23,985 shares of the 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 sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the transaction, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,949 shares of company stock valued at $12,002,807. Company insiders own 1.50% of the company’s stock.

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.