E. Ohman J or Asset Management AB Has $2.16 Million Stock Position in Motorola Solutions, Inc. $MSI

E. Ohman J or Asset Management AB cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,635 shares of the communications equipment provider’s stock after selling 1,358 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Motorola Solutions were worth $2,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Motorola Solutions in the second quarter worth about $872,307,000. Marshall Wace LLP acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $230,743,000. Capital World Investors grew its holdings in shares of Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the last quarter. Voya Investment Management LLC increased its position in Motorola Solutions by 116.5% during the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after purchasing an additional 452,822 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Motorola Solutions by 56.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock worth $550,422,000 after purchasing an additional 435,178 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.6%

Shares of NYSE:MSI opened at $454.04 on Wednesday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The business’s 50-day moving average is $440.18 and its 200-day moving average is $422.10. The company has a market capitalization of $75.22 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 3.19 and a beta of 0.96.

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

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. 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 report on Thursday, February 12th. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Finally, Northcoast Research upgraded 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $497.14.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the sale, the director owned 7,153 shares in the company, 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 is available through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,069 shares of company stock worth $60,779,964 in the last quarter. 1.44% of the stock is owned by corporate insiders.

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.