Toronto Dominion Bank increased its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,730 shares of the communications equipment provider’s stock after buying an additional 6,337 shares during the period. Toronto Dominion Bank’s holdings in Motorola Solutions were worth $5,238,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Voya Investment Management LLC boosted its holdings in shares of Motorola Solutions by 249.4% in the second quarter. Voya Investment Management LLC now owns 1,338,597 shares of the communications equipment provider’s stock valued at $116,110,000 after buying an additional 955,463 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of Motorola Solutions in the second quarter worth $70,570,000. APG Asset Management N.V. lifted its position in shares of Motorola Solutions by 75.1% in the third quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock worth $139,311,000 after purchasing an additional 704,000 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Motorola Solutions by 6.7% in the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after purchasing an additional 600,229 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Motorola Solutions in the second quarter worth $584,000. 87.86% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total transaction of $4,716,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 75,019 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the sale, the chief executive officer now directly owns 183,312 shares of the company’s stock, valued at approximately $16,664,893.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 283,456 shares of company stock valued at $26,116,985. 2.50% of the stock is owned by company insiders.
Motorola Solutions Inc (NYSE MSI) traded up $0.60 on Monday, hitting $93.63. 1,308,707 shares of the stock were exchanged, compared to its average volume of 1,067,146. Motorola Solutions Inc has a one year low of $76.92 and a one year high of $94.96. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. The firm has a market cap of $15,070.84, a P/E ratio of 18.10, a P/E/G ratio of 4.14 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. equities analysts predict that Motorola Solutions Inc will post 5.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio (DPR) is 48.08%.
Several analysts have issued reports on MSI shares. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, November 9th. Jefferies Group increased their price objective on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $95.08.
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Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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