Nordea Investment Management AB Has $60.51 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Nordea Investment Management AB trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,824 shares of the communications equipment provider's stock after selling 3,672 shares during the quarter. Nordea Investment Management AB owned approximately 0.08% of Motorola Solutions worth $60,506,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSI. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Motorola Solutions during the 3rd quarter valued at $31,000. Planning Capital Management Corp purchased a new stake in shares of Motorola Solutions in the third quarter valued at $32,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Motorola Solutions in the third quarter worth $33,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Motorola Solutions during the second quarter valued at $32,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Morgan Stanley increased their target price on shares of Motorola Solutions from $430.00 to $495.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Finally, Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $504.88.

Motorola Solutions Stock Up 1.6 %

Shares of MSI stock traded up $7.23 on Wednesday, hitting $462.38. The company's stock had a trading volume of 719,771 shares, compared to its average volume of 770,554. The stock has a market capitalization of $77.27 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 3.70 and a beta of 1.01. Motorola Solutions, Inc. has a fifty-two week low of $309.43 and a fifty-two week high of $507.82. The firm's fifty day moving average price is $477.91 and its 200-day moving average price is $444.23. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Research analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.94%. Motorola Solutions's payout ratio is presently 47.75%.

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.