In the second quarter of 2023, Nordea Investment Management AB, an institutional investor, reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.6%, as reported in its recent filing with the Securities and Exchange Commission (SEC). The investor now owns 137,831 shares of the communications equipment provider’s stock after selling 2,298 shares during the quarter. At the end of the most recent quarter, Nordea Investment Management AB’s stake in Motorola Solutions was valued at $40,165,000, representing approximately 0.08% of the company’s total worth.
This news comes after Motorola Solutions announced its quarterly earnings data on Thursday, August 3rd. For that quarter, the communications equipment provider reported earnings per share (EPS) of $2.65, surpassing analysts’ consensus estimates of $2.51 by $0.14.
Moreover, Motorola Solutions achieved a net margin of 15.72% and a return on equity of 2,157.02%. The firm recorded revenue amounting to $2.40 billion for the quarter, exceeding the consensus estimate of $2.36 billion. Compared to the same period last year, the company’s revenue experienced a growth of 12.3%.
Equities research analysts have projected that Motorola Solutions will post EPS of 10.44 for the current year.
These developments indicate positive strides for Motorola Solutions in terms of financial performance and market confidence as demonstrated by Nordea Investment Management AB’s continuous investment in their stock.
Motorola Solutions is a prominent communications equipment provider known for offering innovative solutions to public safety agencies and commercial customers around the world. Their products and services empower organizations by enhancing communication efficiency and ensuring reliable connectivity.
Investors will likely continue to monitor Motorola Solutions’ performance closely as they navigate an ever-evolving technology landscape and seek opportunities for growth and investment returns.
Please note that this article is based on information available as of September 18, 2023, and any further developments or changes may not be reflected in this report.
Motorola Solutions Attracts Hedge Funds and Institutional Investors, Receives Positive Ratings from Research Analysts
Motorola Solutions, a leading communications equipment provider, has been attracting the attention of various hedge funds and institutional investors. Recent reports indicate that these investors have been actively buying and selling shares of the company, suggesting a considerable degree of interest in Motorola Solutions’ stock.
One notable example is Waldron Private Wealth LLC, which increased its stake in the company by 2.3% during the first quarter of this year. The firm now owns 1,679 shares of Motorola Solutions’ stock, valued at approximately $481,000 after purchasing an additional 37 shares during this period. Similarly, Lincoln National Corp boosted its holdings by 2.0% in the first quarter, acquiring 2,178 shares worth $623,000. ETF Managers Group LLC also showed interest by purchasing an additional 44 shares during the same period, bringing their total holdings to 3,001 shares worth $859,000.
First Horizon Advisors Inc., another institutional investor keen on Motorola Solutions’ stock, increased its holdings by an impressive margin of 23.4% during the fourth quarter of last year. The firm now possesses 237 shares valued at $61,000 after acquiring an additional 45 shares. Finally, ARS Investment Partners LLC expanded its holdings by 5.2% during the first quarter with a total ownership of 938 shares worth $268,000.
These investments from hedge funds and institutional investors contribute to a staggering ownership amounting to approximately 82.37% of Motorola Solutions’ outstanding stock.
These intriguing developments have not gone unnoticed by research analysts who have closely followed Motorola Solutions for some time now. Morgan Stanley recently raised their price target on the company’s shares from $290.00 to $300.00 while maintaining an “equal weight” rating in their research report released on August 4th.
StockNews.com also chimed in with a positive note as they initiated coverage on Motorola Solutions and bestowed a “buy” rating on the stock in another research note published on August 17th. Barclays, however, diminished their price target from $329.00 to $322.00 while affirming an “overweight” rating for the company’s shares in their research note issued on August 4th.
JPMorgan Chase & Co. further reduced their price target from $320.00 to $311.00 and maintained an “overweight” rating on the stock in a research note dated August 7th. Nevertheless, Raymond James provided a more optimistic outlook by raising its target price to $320.00 and awarding Motorola Solutions with an “outperform” rating in their research note released on August 4th.
These differing views among analysts have resulted in three holding ratings and four buy ratings for Motorola Solutions’ stock. According to Bloomberg.com, the consensus rating for the company’s shares is categorized as “Moderate Buy,” accompanied by an average price target of $309.67.
It is worth noting that one of Motorola Solutions’ directors, Kenneth D. Denman, recently sold 1,000 shares of the company’s stock at an average price of $284.58 per share on August 11th, resulting in a total transaction value of $284,580. Following this sale, Denman now holds approximately 8,101 shares valued at around $2,305,382.58.
As of September 18, 2023, Motorola Solutions’ stock opened at a market price of $283.21 per share. The firm’s 50-day simple moving average stands at $285.37 while its 200-day simple moving average calculates to be $283.49.
With a market capitalization of roughly $47.30 billion and a P/E ratio of 32.11 along with a relatively low beta of 0.92 indicates moderate volatility compared to the general market. Additionally, the company’s debt-to-equity ratio of 17.14, current ratio of 1.23, and quick ratio of 0.96 further reflects its financial stability.
Motorola Solutions has witnessed a trading range between $212.76 and $299.43 over the past year, showcasing both its potential for growth and resilience during periods of market volatility.
In summary, Motorola Solutions has garnered significant interest from hedge funds and institutional investors, positioning itself as an appealing investment opportunity in the communications equipment industry. Research reports further validate this sentiment by offering positive ratings and price targets for the company’s shares. However, it is important for individual investors to conduct thorough research and analysis before making any investment decisions.