AGF Management Ltd. Has $106.96 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• AGF Management Ltd. increased its stake in Motorola Solutions, Inc. by 35.3%, owning approximately 244,316 shares valued at $106.96 million as of the latest filing.
• Analysts have mixed ratings for Motorola Solutions, with UBS Group raising their price target to $510, while some analysts have downgraded their recommendations from "buy" to "hold."
• Motorola Solutions reported a quarterly EPS of $3.57, exceeding expectations, and announced a quarterly dividend of $1.09, translating to an annual yield of 1.0%.

AGF Management Ltd. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 35.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,316 shares of the communications equipment provider's stock after purchasing an additional 63,694 shares during the period. AGF Management Ltd. owned approximately 0.15% of Motorola Solutions worth $106,964,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MSI. Revolve Wealth Partners LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at about $208,000. Scotia Capital Inc. lifted its holdings in shares of Motorola Solutions by 5.6% during the 4th quarter. Scotia Capital Inc. now owns 2,392 shares of the communications equipment provider's stock valued at $1,107,000 after purchasing an additional 127 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Motorola Solutions by 56.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 21,489 shares of the communications equipment provider's stock valued at $9,931,000 after purchasing an additional 7,765 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Motorola Solutions by 15.1% during the 4th quarter. Townsquare Capital LLC now owns 5,437 shares of the communications equipment provider's stock valued at $2,513,000 after purchasing an additional 713 shares in the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at about $4,498,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Down 1.7%

Shares of Motorola Solutions stock traded down $8.20 on Thursday, reaching $462.00. 976,087 shares of the company were exchanged, compared to its average volume of 913,042. Motorola Solutions, Inc. has a one year low of $388.90 and a one year high of $507.82. The company has a market capitalization of $76.97 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 3.82 and a beta of 0.97. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company has a 50-day moving average of $424.10 and a 200 day moving average of $427.76.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.36 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the prior year, the business posted $3.24 EPS. The business's revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.9%. Motorola Solutions's dividend payout ratio is currently 35.10%.

Analyst Ratings Changes

Several equities research analysts have commented on MSI shares. Wolfe Research started coverage on Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating on the stock. JPMorgan Chase & Co. cut their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays set a $509.00 target price on Motorola Solutions and gave the company an "overweight" rating in a research note on Friday, August 8th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, UBS Group boosted their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $512.67.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.44% of the stock is currently owned by corporate insiders.

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.