Toronto Dominion Bank boosted its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 69,819 shares of the communications equipment provider’s stock after purchasing an additional 8,089 shares during the period. Toronto Dominion Bank’s holdings in Motorola Solutions were worth $6,308,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Grove Bank & Trust raised its position in shares of Motorola Solutions by 731.0% in the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $168,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $187,000. Meeder Asset Management Inc. raised its position in shares of Motorola Solutions by 67.4% in the fourth quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after buying an additional 874 shares during the last quarter. Finally, MAI Capital Management acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $202,000. Institutional investors own 86.45% of the company’s stock.
Shares of Motorola Solutions Inc (NYSE:MSI) opened at $105.91 on Tuesday. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24. Motorola Solutions Inc has a 1-year low of $78.23 and a 1-year high of $107.78. The stock has a market cap of $17,084.08, a PE ratio of 20.41, a P/E/G ratio of 2.10 and a beta of 0.40.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. Motorola Solutions’s quarterly revenue was up 3.9% on a year-over-year basis. research analysts expect that Motorola Solutions Inc will post 6.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, March 14th. Motorola Solutions’s dividend payout ratio is currently -192.59%.
A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Motorola Solutions in a research report on Friday, February 9th. They issued a “neutral” rating and a $115.00 target price for the company. BMO Capital Markets increased their target price on shares of Motorola Solutions from $102.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. MKM Partners increased their target price on shares of Motorola Solutions to $116.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Citigroup increased their target price on shares of Motorola Solutions from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.27.
In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark S. Hacker sold 7,411 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $95.00, for a total transaction of $704,045.00. Following the transaction, the executive vice president now directly owns 16,396 shares of the company’s stock, valued at approximately $1,557,620. The disclosure for this sale can be found here. Insiders sold 1,148,297 shares of company stock valued at $33,341,147 in the last three months. 2.50% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Motorola Solutions Inc (MSI) Shares Bought by Toronto Dominion Bank” was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thestockobserver.com/2018/02/20/motorola-solutions-inc-msi-shares-bought-by-toronto-dominion-bank.html.
Motorola Solutions Profile
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.
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc (NYSE:MSI).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.