TD Private Client Wealth LLC Sells 472 Shares of Motorola Solutions, Inc. (NYSE:MSI)

TD Private Client Wealth LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,249 shares of the communications equipment provider’s stock after selling 472 shares during the period. TD Private Client Wealth LLC’s holdings in Motorola Solutions were worth $1,011,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Versor Investments LP purchased a new stake in Motorola Solutions in the 3rd quarter worth about $449,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after buying an additional 88,603 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Motorola Solutions by 8.6% during the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock valued at $263,967,000 after buying an additional 46,731 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter worth approximately $19,694,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Motorola Solutions by 8.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after acquiring an additional 32,157 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI opened at $469.60 on Friday. The firm has a market capitalization of $78.48 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 3.77 and a beta of 0.99. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The business’s 50-day moving average is $478.73 and its two-hundred day moving average is $432.46. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Research analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MSI shares. Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Bank of America boosted their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Raymond James upped their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $506.29.

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.