E. Ohman J or Asset Management AB Invests $3.14 Million in Motorola Solutions, Inc. (NYSE:MSI)

E. Ohman J or Asset Management AB bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, Holdings Channel.com reports. The fund bought 6,980 shares of the communications equipment provider’s stock, valued at approximately $3,138,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dakota Wealth Management increased its position in shares of Motorola Solutions by 21.3% in the 3rd quarter. Dakota Wealth Management now owns 2,815 shares of the communications equipment provider’s stock worth $1,266,000 after purchasing an additional 495 shares during the last quarter. Values First Advisors Inc. bought a new stake in shares of Motorola Solutions during the 3rd quarter valued at about $74,000. DT Investment Partners LLC grew its position in shares of Motorola Solutions by 16.9% during the 3rd quarter. DT Investment Partners LLC now owns 718 shares of the communications equipment provider’s stock valued at $323,000 after buying an additional 104 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Motorola Solutions by 477.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider’s stock valued at $140,131,000 after buying an additional 257,727 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Motorola Solutions by 2.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 35,381 shares of the communications equipment provider’s stock valued at $15,908,000 after buying an additional 729 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Stock Performance

MSI stock opened at $465.38 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The company has a market capitalization of $77.64 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $271.73 and a 12 month high of $480.28. The firm has a 50 day moving average of $446.40 and a two-hundred day moving average of $399.51.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm earned $2.41 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is presently 45.90%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the firm’s 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 transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Company Profile

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.