Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 942,529 shares of the communications equipment provider’s stock after buying an additional 33,643 shares during the quarter. TD Asset Management Inc’s holdings in Motorola Solutions were worth $363,863,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in Motorola Solutions during the 4th quarter worth $646,341,000. Swedbank AB lifted its stake in shares of Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after purchasing an additional 699,615 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $178,361,000. Alphinity Investment Management Pty Ltd grew its stake in shares of Motorola Solutions by 36.5% in the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after buying an additional 395,096 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Motorola Solutions by 1,477.3% during the 1st quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after buying an additional 335,496 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.6 %

MSI opened at $437.53 on Thursday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98. The stock’s 50 day moving average price is $406.57 and its 200 day moving average price is $371.97. The stock has a market cap of $72.98 billion, a P/E ratio of 54.08, a P/E/G ratio of 3.85 and a beta of 0.94.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Activity

In related news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now directly owns 8,141 shares in the company, valued at approximately $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the transaction, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. Insiders sold a total of 29,949 shares of company stock worth $12,002,807 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of analyst reports. Bank of America upped their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. upped 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. Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $466.17.

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.