TD Asset Management Inc. Has $26,115,000 Stake in Motorola Solutions Inc. (MSI)
TD Asset Management Inc. boosted its stake in shares of Motorola Solutions Inc. (NYSE:MSI) by 41.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,351 shares of the company’s stock after buying an additional 100,726 shares during the period. TD Asset Management Inc.’s holdings in Motorola Solutions were worth $26,115,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC purchased a new stake in Motorola Solutions during the first quarter valued at approximately $100,000. Partners Capital Investment Group LLC raised its stake in Motorola Solutions by 12.0% in the second quarter. Partners Capital Investment Group LLC now owns 2,020 shares of the company’s stock valued at $133,000 after buying an additional 217 shares during the last quarter. Global X Management Co. LLC raised its stake in Motorola Solutions by 141.2% in the second quarter. Global X Management Co. LLC now owns 2,089 shares of the company’s stock valued at $138,000 after buying an additional 1,223 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Motorola Solutions by 28.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,166 shares of the company’s stock valued at $143,000 after buying an additional 479 shares during the last quarter. Finally, Evercore Wealth Management LLC raised its stake in Motorola Solutions by 53.0% in the second quarter. Evercore Wealth Management LLC now owns 2,223 shares of the company’s stock valued at $147,000 after buying an additional 770 shares during the last quarter. 84.05% of the stock is owned by institutional investors and hedge funds.
Shares of Motorola Solutions Inc. (NYSE:MSI) traded down 0.499% during midday trading on Wednesday, hitting $80.705. 137,686 shares of the stock were exchanged. The firm has a 50 day moving average of $76.26 and a 200-day moving average of $72.68. Motorola Solutions Inc. has a one year low of $59.13 and a one year high of $82.20. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 23.814 and a beta of 0.40.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.17. Motorola Solutions had a negative return on equity of 190.73% and a net margin of 10.19%. The company earned $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Motorola Solutions Inc. will post $4.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $1.88 dividend on an annualized basis and a yield of 2.32%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is currently 48.09%.
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Several analysts have commented on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Tuesday, November 8th. Credit Suisse Group AG reissued a “buy” rating and set a $80.00 price target on shares of Motorola Solutions in a research report on Friday, November 4th. JPMorgan Chase & Co. reissued a “hold” rating and set a $72.00 price target on shares of Motorola Solutions in a research report on Friday, August 5th. Deutsche Bank AG set a $68.00 price objective on shares of Motorola Solutions and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.21.
In other Motorola Solutions news, EVP Bruce W. Brda sold 10,416 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $77.99, for a total value of $812,343.84. Following the completion of the sale, the executive vice president now owns 25,703 shares in the company, valued at $2,004,576.97. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.55% of the stock is owned by company insiders.
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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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