TD Asset Management Inc Acquires 4,857 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• TD Asset Management Inc increased its stake in Motorola Solutions by 0.5%, owning approximately 0.58% of the company, valued at $423.43 million.
• Major institutional investors, including Geode Capital Management and FMR LLC, have significantly boosted their positions in Motorola Solutions during the 4th quarter.
• Motorola Solutions recently reported earnings exceeding analysts' expectations, posting $3.18 earnings per share, alongside announcing a quarterly dividend of $1.09.

TD Asset Management Inc increased its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 967,163 shares of the communications equipment provider's stock after purchasing an additional 4,857 shares during the period. TD Asset Management Inc owned 0.58% of Motorola Solutions worth $423,434,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after acquiring an additional 451,172 shares during the period. FMR LLC increased its position in shares of Motorola Solutions by 12.4% during the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after purchasing an additional 334,639 shares during the period. Norges Bank acquired a new position in shares of Motorola Solutions during the 4th quarter valued at $1,073,645,000. Northern Trust Corp increased its position in shares of Motorola Solutions by 15.9% during the 4th quarter. Northern Trust Corp now owns 1,868,559 shares of the communications equipment provider's stock valued at $863,704,000 after purchasing an additional 256,707 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Motorola Solutions by 2.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,618,744 shares of the communications equipment provider's stock valued at $748,233,000 after purchasing an additional 31,396 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

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 value of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.44% of the company's stock.

Wall Street Analyst Weigh In

MSI has been the topic of several research analyst reports. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays decreased their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. UBS Group started coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 target price on the stock. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Stock Up 0.7%

Shares of NYSE:MSI traded up $3.00 on Wednesday, reaching $436.95. The company had a trading volume of 356,590 shares, compared to its average volume of 884,355. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82. The stock has a 50-day moving average price of $417.81 and a 200 day moving average price of $428.86. The stock has a market capitalization of $72.93 billion, a P/E ratio of 36.50, a P/E/G ratio of 3.70 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 earnings per share. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.00%. Motorola Solutions's dividend payout ratio is 36.39%.

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.