TD Asset Management Inc. lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 22.7% during the second quarter, Holdings Channel reports. The firm owned 340,204 shares of the communications equipment provider’s stock after selling 99,671 shares during the period. TD Asset Management Inc.’s holdings in Motorola Solutions were worth $29,509,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Motorola Solutions by 157.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,502 shares of the communications equipment provider’s stock valued at $290,000 after buying an additional 2,144 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Motorola Solutions by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 142,131 shares of the communications equipment provider’s stock valued at $12,254,000 after buying an additional 2,828 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Motorola Solutions by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 48,150 shares of the communications equipment provider’s stock valued at $4,151,000 after buying an additional 700 shares during the period. National Pension Service raised its position in shares of Motorola Solutions by 1.8% in the first quarter. National Pension Service now owns 144,103 shares of the communications equipment provider’s stock valued at $12,230,000 after buying an additional 2,529 shares during the period. Finally, SOL Capital Management CO purchased a new position in shares of Motorola Solutions during the first quarter valued at $203,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions, Inc. (NYSE:MSI) opened at 86.99 on Friday. The stock has a 50 day moving average price of $88.92 and a 200-day moving average price of $84.56. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 22.94 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.99 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. Motorola Solutions’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Equities analysts predict that Motorola Solutions, Inc. will post $5.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.

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Several equities analysts have weighed in on MSI shares. Citigroup Inc. reissued a “buy” rating and set a $102.00 price objective (up from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. Cowen and Company reduced their price objective on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, May 5th. Credit Suisse Group increased their price objective on Motorola Solutions from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Deutsche Bank AG increased their price objective on Motorola Solutions from $70.00 to $73.00 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, MKM Partners reissued a “neutral” rating and set a $83.00 price objective (up from $76.00) on shares of Motorola Solutions in a report on Monday, May 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $94.33.

In other news, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

About Motorola Solutions

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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