Toronto Dominion Bank boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,932 shares of the communications equipment provider’s stock after buying an additional 9,673 shares during the period. Toronto Dominion Bank’s holdings in Motorola Solutions were worth $30,684,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Steward Financial Group LLC purchased a new stake in Motorola Solutions during the 4th quarter worth approximately $27,000. Amplius Wealth Advisors LLC purchased a new stake in Motorola Solutions during the 4th quarter worth approximately $27,000. Missouri Trust & Investment Co purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $29,000. Assetmark Inc. grew its position in shares of Motorola Solutions by 50.0% in the third quarter. Assetmark Inc. now owns 126 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $35,000. Institutional investors own 85.48% of the company’s stock.
A number of research analysts recently commented on MSI shares. Citigroup upped their price objective on Motorola Solutions from $260.00 to $275.00 in a report on Thursday, February 10th. Morgan Stanley decreased their price target on Motorola Solutions from $265.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 25th. Barclays increased their price objective on Motorola Solutions from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 10th. Credit Suisse Group reduced their price objective on Motorola Solutions from $306.00 to $288.00 and set an “outperform” rating on the stock in a research note on Thursday, February 10th. Finally, StockNews.com began coverage on Motorola Solutions in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $269.18.
Motorola Solutions (NYSE:MSI – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The communications equipment provider reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.10. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Motorola Solutions had a net margin of 15.24% and a negative return on equity of 542.03%. During the same quarter last year, the firm earned $2.73 earnings per share. As a group, analysts predict that Motorola Solutions, Inc. will post 9.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.37%. Motorola Solutions’s payout ratio is 44.13%.
In other news, CEO Gregory Q. Brown sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $218.02, for a total transaction of $21,802,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 81,731 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $221.92, for a total transaction of $18,137,743.52. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by company insiders.
Motorola Solutions Company Profile (Get Rating)
Motorola Solutions, Inc provides mission critical communications and analytics 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.
- Get a free copy of the StockNews.com research report on Motorola Solutions (MSI)
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