E. Ohman J or Asset Management AB Sells 1,358 Shares of Motorola Solutions, Inc. $MSI

E. Ohman J or Asset Management AB lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 19.4% during the 4th quarter, Holdings Channel reports. The fund owned 5,635 shares of the communications equipment provider’s stock after selling 1,358 shares during the period. E. Ohman J or Asset Management AB’s holdings in Motorola Solutions were worth $2,160,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clear Trail Advisors LLC acquired a new stake in Motorola Solutions in the fourth quarter valued at approximately $9,076,000. Carderock Capital Management Inc. lifted its holdings in shares of Motorola Solutions by 16.7% in the 4th quarter. Carderock Capital Management Inc. now owns 11,408 shares of the communications equipment provider’s stock worth $4,373,000 after purchasing an additional 1,633 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Motorola Solutions by 3,126.7% in the 4th quarter. SG Americas Securities LLC now owns 297,925 shares of the communications equipment provider’s stock worth $114,201,000 after purchasing an additional 288,692 shares in the last quarter. Diversified Trust Co. grew its position in Motorola Solutions by 114.8% in the 4th quarter. Diversified Trust Co. now owns 7,060 shares of the communications equipment provider’s stock valued at $2,706,000 after purchasing an additional 3,773 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in Motorola Solutions by 166.1% during the 4th quarter. Elevation Wealth Partners LLC now owns 149 shares of the communications equipment provider’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other news, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the completion of the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,069 shares of company stock valued at $60,779,964 in the last quarter. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $454.04 on Wednesday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The firm’s 50-day simple moving average is $440.18 and its two-hundred day simple moving average is $422.10. The firm has a market cap 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. 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 (NYSE:MSI) last issued its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the business posted $4.04 EPS. Motorola Solutions’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business 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 $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.93%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MSI shares. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. 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. Piper Sandler reiterated an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Barclays boosted their price objective on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price 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.